Under the Sarbanes-Oxley Act, in Order to Audit a Public

question 44

Multiple Choice

Under the Sarbanes-Oxley Act, in order to audit a public company, ________.

• A) only public accountants must constitute the audit committee
• B) a public accounting firm must register with the Public Company Accounting Oversight Board (PCAOB)
• C) all public accounting firms must assign an accountant who works closely with one client over a long duration of time
• D) the law of accountant-client privilege must be accepted by the state legislative mechanism

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Definitions:

Tertiary Carbon

A carbon atom bonded to three other carbon atoms, often described in the context of organic molecules and their reactivity.

Bond Dissociation Energy

The amount of energy needed to fracture a particular chemical bond within a mole of gas-phase molecules.

C-H Bonds

A chemical bond formed between a carbon atom and a hydrogen atom, prevalent in organic molecules and important for the structure of hydrocarbons.

ΔS°

Standard entropy change, representing the change in entropy in a system when one mole of a compound is formed under standard conditions (298 K, 1 atm).