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A Public Accounting Firm Takes Up a Contract to Perform

Question 55

Multiple Choice

A public accounting firm takes up a contract to perform an external audit for an oil manufacturing company. The firm, however, is already in a consulting contract with the oil company. Because of its prior association with the oil company and the hefty fee the oil company pays the firm, the firm manipulates the audit report. Which of the following laws is violated in this scenario?


A) The Sarbanes-Oxley Act
B) The Blaine Act
C) The Landrum-Griffin Act
D) The Dawes Act

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