Multiple Choice
The importance to the accounting profession of the Sarbanes-Oxely Act is that
A) bribery will be eliminated
B) management will not override the company's internal controls
C) management are required to certify their internal control system
D) firms will not be exposed to lawsuits
Correct Answer:

Verified
Correct Answer:
Verified
Q45: Indicate whether each procedure is a
Q47: A physical inventory count is an example
Q62: Substantive tests include<br>A)examining the safety deposit box
Q68: Internal control system have limitations. These include
Q69: Which of the following suggests a weakness
Q70: While the Sarbanes-Oxley Act prohibits auditors from
Q71: The decision to extend credit beyond the
Q95: Which statement is not correct?<br>A)Auditors gather evidence
Q124: A well-designed purchase order is an example
Q159: Explain the purpose of the PCAOB.