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

question 36

Multiple Choice

Which of the following is not a provision of the Sarbanes-Oxley Act of 2002?

• A) Congress established the Public Company Accounting Oversight Board, which has the authority to regulate public accounting firms, establishing audit rules and ethics guidelines.
• B) After five years with a client, the lead audit partner must rotate off the account for at least five years.
• C) Congress established the American Institute of Certified Public Accountants to develop ethical guidelines in a Code of Professional Conduct.
• D) Auditors must communicate regularly and completely with audit committees of their clients and must describe options the firm considers in preparing financial statements.