Which of the Following Is $\underline{NOT}$ True Regarding the Passage of the Sarbanes-Oxley (SOX) Act?
A)SOX

Multiple Choice

Which of the following is $\underline{NOT}$ true regarding the passage of the Sarbanes-Oxley (SOX) Act?

A) SOX more clearly defined auditor independence.
B) SOX was intended to erode public confidence in the accounting profession due to recent scandals.
C) SOX replaced peer review with inspection by the PCAOB.
D) SOX implementation became the immediate focus of public companies and CPA firms.