Multiple Choice
Which of the following is NOT true regarding the Sarbanes-Oxley Act?
A) It requires firms to establish an internal control process for their financial reporting.
B) It requires a firm's CEO and CFO to certify that the audited financial statements are accurate.
C) It allows a public accounting firm to audit a client firm whose CEO was employed by the accounting firm six months earlier.
D) It prevents a firm from providing excessive compensation to members of its audit committee so that they will not closely oversee the audit.
Correct Answer:
Verified
Correct Answer:
Verified
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