Which of the Following Is a Requirement of the Sarbanes-Oxley

question 21

Multiple Choice

Which of the following is a requirement of the Sarbanes-Oxley Act?

• A)An outside auditor must evaluate the client's internal controls and report on the internal controls as part of the audit report.
• B)The Public Company Oversight Board must conduct audits of public companies.
• C)The accounting firm that audits a public client must also provide consulting services for the same client.
• D)The Public Company Oversight Board must create new accounting standards.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.