Which Statement Is False Regarding the Registration of Public Accounting

question 3

Multiple Choice

Which statement is false regarding the registration of public accounting firms with the SEC under the Sarbanes-Oxley Act?

• A)Registration is required of all firms that prepare,issue,or participate in the preparation of an audit report for an entity that issues securities.
• B)Foreign firms are exempt from registration.
• C)Disclosure requirements include annual fees received from each issuer for the firm's audit services only .
• D)The Public Company Accounting Oversight Board will subject registered firms to periodic inspections.
• E)Information regarding disagreements between the issuer and the auditing firm during the previous year must be disclosed.

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Definitions:

Positively/negatively

Terms referring to the positive or negative direction, aspect, or impact of something.

Attitude

A settled way of thinking or feeling about something, which often influences an individual's behavior.

Intended Behavior

The behavior that an individual plans or aims to carry out, often based on their goals, motivations, or plans.

Given Circumstance

The pre-existing conditions or facts that set the context or background for a situation or narrative.