The Sarbanes-Oxley Act Requires All of the Following,EXCEPT

question 32

Multiple Choice

The Sarbanes-Oxley Act requires all of the following,EXCEPT:

• A)that audit partners rotate every five years to limit the likelihood that auditing relationships become too cozy over long periods of time.
• B)strict limits on the amount of non-audit fees (consulting or otherwise)that an accounting firm can earn from the same firm that it audits.
• C)that senior management and the boards of public companies be comfortable enough with the process through which funds are allocated and controlled,and outcomes monitored throughout the firm,to be willing to attest to their effectiveness and validity.
• D)the auditor must personally attest to the accuracy of the financial statements presented to shareholders and sign a statement to that effect.

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Definitions:

Automatic Response

A reaction that occurs without conscious thought, typically as a result of learned behaviors or instincts.

Spinal Cord

a vital part of the central nervous system located within the spine, transmitting nerve signals between the brain and the rest of the body.

Spatial Attention

The ability to prioritize visual processing on a particular spatial location in the field of view to enhance detection and analysis of relevant information.

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information regarding the location of parts of the body, as well as interpreting visual information and processing language and mathematics.