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:

Habitat

The natural environment or place where an organism, population, or species lives.

Metapopulation

A population that is divided into several local populations among which individuals occasionally disperse.

Disperse

The action or process by which something spreads or is spread over a wide area.

Reproductive Success

The passing of genes onto the next generation in a way that they too can pass those genes on.