Which Key Provision of the Sarbanes-Oxley Act Should Minimize the Opportunity

question 244

Multiple Choice

Which key provision of the Sarbanes-Oxley act should minimize the opportunity for public accountants to minimize conflict of interest?

• A)Prohibits accounting firms to provide consulting services and audit the same firm
• B)Strengthens the protection for whistleblowers
• C)Having the CEO's and CFO's certify the accuracy of financial reports
• D)Establish a maximum fees chargeable by public accountants to firms they do work for

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Definitions:

Emotional Responses

These are reactions characterized by strong feelings, such as happiness, sadness, or anger, in response to an external stimulus.

Reflective Awareness

The conscious examination and contemplation of one's own experiences and actions to gain deeper insight and understanding.

Self-In-Relation

A psychological theory focusing on the development of an individual's identity and self-concept through relationships and social interactions.

Reconstructed Story

The process of reinterpreting or reorganizing one's narrative or past events to create coherence and meaning.