The Sarbanes-Oxley Act of 2002 Requires Which of the Following

question 1

Multiple Choice

The Sarbanes-Oxley Act of 2002 requires which of the following?

• A)Only the largest four accounting firms may audit public companies.
• B)Smaller public companies that cannot afford to become compliant with the act must delist and become pink sheet companies.
• C)All publicly held companies will provide a report on internal control over financial reporting.
• D)Chief financial officers of public companies must be CPAs.

---

Definitions:

Stomata

Small openings or pores, typically found on the underside of leaves, allowing for gas exchange between the plant and its external environment.

Macronutrient

Essential nutrients required in large amounts by living organisms, including carbohydrates, proteins, and fats, which provide energy and structural materials.

Nucleic Acids

Large biomolecules essential for all known forms of life, including DNA and RNA, which carry genetic information.

Phospholipids

A class of lipids that are a major component of all cell membranes, consisting of two fatty acids, a glycerol unit, and a phosphate group.