Which One of the Following Is Not a Provision in the Sarbanes-Oxley

question 121

Multiple Choice

Which one of the following is not a provision in the Sarbanes-Oxley Act?

• A)Public companies must have their internal control evaluated by the external auditor.
• B)Accounting firms cannot both audit and provide certain consulting services to a client.
• C)Violators will receive a reprimand and further accounting training.
• D)Auditors of public companies are overseen by an oversight board.

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Definitions:

Average Total Costs

The total cost of production divided by the number of units produced, indicating the cost per unit.

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced; these costs do not vary with the level of output.

U-shaped Curve

A graphical representation showing a relationship where initial decreases lead to a minimum point, followed by subsequent increases.

Total Cost Curve

A graphical representation that shows the total cost of producing different levels of output, illustrating how costs change with production volume.