The Sarbanes Oxley Act Has Had Consequences for Many Areas

Multiple Choice

The Sarbanes Oxley Act has had consequences for many areas of corporate activities,including the following impact on the work of the auditor:

A) The auditor is now required to report all fraudulent activities he/she uncovers directly to the Securities and Exchange Commission.
B) The auditor must prepare a report verifying the information in the financial statements.
C) The auditor must monitor how well management is carrying out its financial reporting responsibilities.
D) The auditor is specifically required to evaluate the internal controls used by management to prepare financial information.