Which of the Following Statements Is True of the Sarbanes-Oxley

question 10

Multiple Choice

Which of the following statements is true of the Sarbanes-Oxley Act?

• A)Accounting firms are allowed to provide both auditing services and a full range of consulting services to their public company clients.
• B)Those who commit securities fraud must be sentenced to 10 years in prison.
• C)All private and foreign companies must issue an internal control report evaluated by an outside auditor.
• D)Auditors of public companies are under the scrutiny of the Public Company Accounting Oversight Board.

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Definitions:

Posture

The way in which someone holds their body when standing or sitting, often reflecting confidence, attitude, or current state of health.

Vocal Intonations

The variation in pitch while speaking, which can affect the meaning, emotion, or emphasis conveyed by the speaker.

Intrusive Rock

An igneous rock that solidified from magma below Earth’s surface; synonym: plutonic rock.

Extrusive Rock

An igneous rock that forms when magma is erupted onto Earth’s surface; synonymous with volcanic rock.