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

question 87

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)The Public Company Accounting Oversight Board oversees the work of auditors of public companies.

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Definitions:

Variance

A measure of variability that denotes the average of the squared differences from the mean, used in statistics to indicate how data points in a set are spread out.

Normal Distribution

A symmetrical bell-shaped distribution of data in which most of the values cluster around the mean.

Uniform Probability Distribution

A distribution in which all outcomes are equally likely to occur within a certain range.

Expected Value

The long-run average value of repetitions of the same experiment or random trial.