The Sarbanes-Oxley Act Requires All of the Following EXCEPT

question 25

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 to 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) the auditor must personally attest to the accuracy of the financial statements presented to shareholders and to sign a statement to that effect.

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Definitions:

Event Property

A property in programming that provides a way to respond to specific events that occur within an application, such as clicks or key presses.

On Click

Refers to an event triggered in software or a webpage by pressing and releasing a mouse or similar device on a specific interface element.

Conditional Expression

An expression in programming that will evaluate to true or false, often used to control the flow of execution in software.

Bang Notation

A programming syntax used in some languages like Visual Basic to access properties, methods, or objects, typically represented by an exclamation mark (!).