Which of the Following Statements Is True of the Sarbanes-Oxley

Multiple Choice

Which of the following statements is true of the Sarbanes-Oxley Act?

A) It requires all audit papers to be retained for at least ten years.
B) It requires the Public Company Accounting Oversight Board to inspect and review registered accounting firms that audit more than 100 public companies once a year.
C) It created the Securities Exchange Committee.
D) It allows a registered public accounting firm to simultaneously provide audit and legal services to a public company.