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

question 6

Multiple Choice

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

• A)It requires that only inside board members of a firm be on the firm's audit committee.
• B)It prevents the members of a firm's audit committee from receiving consulting or advising fees or other compensation from the firm beyond that earned from serving on the board.
• C)It requires that the CEO and CFO of firms that are of at least a specified size certify the audited financial statements are accurate.
• D)It allows public accounting firms to offer nonaudit consulting services to an audit client only if the client's audit committee pre-approves the nonaudit services to be rendered before the audit begins.

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Definitions:

Early English Colonists

The first settlers from England who established colonies in the New World, mainly during the 16th and 17th centuries.

Indians

Refers to the people from India, a country in South Asia recognized for its diverse culture, languages, and traditions, or to Indigenous peoples of the Americas.

Virginia Company

An English joint-stock company chartered in 1606 with the purpose of establishing colonial settlements in North America, leading to the foundation of Jamestown, Virginia.

Land Ownership

The legal right or title to control and use a specific plot of land, recognized and protected by law.