Which One of the Following Is Not a Requirement Imposed

question 101

Multiple Choice

Which one of the following is not a requirement imposed by the Sarbanes-Oxley Act?

• A) Accounting firms may not offer other services to companies they audit.
• B) Any one individual is prohibited from serving as the chairman of a firm's board of directors for more than 5 years.
• C) A board's audit committee must consist of directors who are independent of the firm's management.
• D) Management must certify that the financial statements present a fair view of the firm's financial position.

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Definitions:

Year 2

Refers to the second year of a specified time frame, operation, or financial reporting period.

Return on Investment (ROI)

A measure of the profitability of an investment, calculated as the net profit of the investment divided by the initial cost.

Last Year's

Refers to the previous calendar or fiscal year relative to the current one.

Combined ROI

A metric that aggregates the return on investment (ROI) from multiple projects or investments to assess overall performance.