The Sarbanes-Oxley Act Prohibits Accounting Firms from Providing Certain Nonauditing

question 324

True/False

The Sarbanes-Oxley Act prohibits accounting firms from providing certain nonauditing work (such as consulting services) to companies they audit.

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Definitions:

United Mine Workers

A labor union that represents coal miners in the United States and Canada, focusing on improving working conditions and wages.

Eugene Debs

An American socialist, political activist, trade unionist, one of the founding members of the Industrial Workers of the World, and five times the candidate of the Socialist Party of America for President of the United States.

Pullman Strike

A nationwide railroad strike in the United States in 1894, which severely disrupted rail traffic in the Midwest and led to intervention by federal troops.

Socialist Party Of America

A political party in the United States, founded in the early 20th century, that advocated for the implementation of socialist principles in government and society.