Which of the Following Is Not Correct Relating to the Sarbanes-Oxley

question 37

Multiple Choice

Which of the following is not correct relating to the Sarbanes-Oxley Act?

• A)It toughens penalties for corporate fraud.
• B)It restricts the types of consulting CPAs may perform for audit clients.
• C)It applies to both public and nonpublic audit clients.
• D)It eliminates a significant portion of the accounting profession's system of self-regulation.

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Definitions:

Suggestion Box

A receptacle for collecting anonymous ideas or feedback, typically used in organizations to encourage open communication.

Work Schedule

A structured plan outlining the times and days allocated for work activities and tasks.

Arthroscopy

A minimally invasive surgical procedure on a joint in which an examination and sometimes treatment of damage is performed using an arthroscope, an endoscope that is inserted into the joint through a small incision.

Lawsuit

A legal action taken by one party against another in a court of law, typically over disputes involving contracts, torts, or claimed violations of rights.