Multiple Choice
Congress passed the Sarbanes-Oxley Act to
A) Provide jobs to U.S.accountants and limit the number of jobs sent outside the country.
B) Impose penalties on CEO's and CFO's who knowingly sign off on bogus accounting reports,although at this time the penalties are token amounts.
C) Help curb financial abuses at companies that issue their stock to the public.
D) Force auditors to attest to the absolute accuracy of the financial statements.
E) Require that all companies publicly disclose their internal control plans.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Explain the role of accounting in the
Q135: The accounting guideline prescribing that financial statement
Q136: Marian Mosely is the owner of Mosely
Q138: Which of the following is the correct
Q139: Beginning assets were $437,600,beginning liabilities were $262,560,common
Q141: A financial statement providing information that helps
Q142: The assets of a company total $700,000;
Q143: Which of the following elements are found
Q145: FastForward has beginning equity of $257,000,net income
Q237: The description of the relation between a