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

question 156

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:

Starch

A polysaccharide composed of alpha glucose subunits; made by plants for energy storage.

Glycogen

A multi-branched polysaccharide of glucose that serves as a form of energy storage in humans, animals, fungi, and bacteria.

Cellulose

Cellulose is a complex carbohydrate composed of glucose units, forming the primary structural component of plant cell walls and providing plants with support.

Cholesterol

A waxy substance found in the cell membranes of all body tissues, and transported in the blood plasma of all animals.