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:

Dissolved

Pertains to the process of officially ending the existence of an entity, such as a company or partnership.

Decision Complexity

Refers to the level of difficulty and intricacies involved in making choices, often due to the presence of numerous variables and potential outcomes.

Ethical Issues

Moral challenges faced by individuals or organizations, pertaining to what is right or wrong in conduct, often necessitating careful consideration and decision-making.

Value Judgments

Assessments based on personal values, beliefs, or priorities rather than objective criteria.