Multiple Choice
Which one of the following is not a provision in the Sarbanes-Oxley Act?
A) Public companies must have their internal control evaluated by the external auditor.
B) Accounting firms cannot both audit and provide certain consulting services to a client.
C) Violators will receive a reprimand and further accounting training.
D) Auditors of public companies are overseen by an oversight board.
Correct Answer:

Verified
Correct Answer:
Verified
Q116: If the bank mistakenly recorded a $71
Q117: Classify each of the following reconciling items
Q118: All of the following are parts of
Q119: Define internal control. Who is responsible for
Q120: The design of the system of internal
Q122: Service charge and interest on loan are
Q123: All of the following are pitfalls of
Q124: Serious breaches of the professional code of
Q125: The requirement that a store manager approve
Q126: Internal control does not:<br>A)help safeguard the assets