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

question 19

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 created the Public Company Accounting Oversight Board (PCAOB) as a replacement for the Financial Accounting Standards Board.
• D) It eliminates a significant portion of the accounting profession's system of self-regulation.

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Definitions:

Percent

A way of expressing a number as a fraction of 100, used to describe proportions or ratios.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a handbook used by healthcare professionals as the authoritative guide to the diagnosis of mental disorders.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties in social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Asperger's Syndrome

A developmental disorder affecting ability to effectively socialize and communicate.