The Sarbanes-Oxley Act Requires All of the Following EXCEPT

question 20

Multiple Choice

The Sarbanes-Oxley Act requires all of the following EXCEPT

• A) that audit partners rotate every five years to limit the likelihood that auditing relationships become too cozy over long periods of time.
• B) strict limits on the amount of non-audit fees (consulting or otherwise) that an accounting firm can earn from the same firm that it audits.
• C) that senior management and the boards of public companies be comfortable enough with the process through which funds are allocated and controlled, and outcomes monitored throughout the firm to be willing to attest to their effectiveness and validity.
• D) that the auditor must personally attest to the accuracy of the financial statements presented to shareholders and must sign a statement to that effect.

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Definitions:

Clinical Psychologists

Professionals specializing in diagnosing and treating mental, emotional, and behavioral disorders through various forms of therapy.

Killed By Hunters

A phrase indicating the death of an animal or individual as a result of being hunted by humans for sport, food, or other reasons.

Used In Research

A term indicating that a specific tool, method, or substance is applied within scientific studies to explore hypotheses and acquire data.

Used For Food

Refers to any substance consumed to provide nutritional support for the body.