Which of the Following Is NOT a Provision of the Sarbanes-Oxley

question 32

Multiple Choice

Which of the following is NOT a provision of the Sarbanes-Oxley Act of 2002?

• A)Congress established the Public Company Accounting Oversight Board,which has the authority to regulate public accounting firms,establishing audit rules and ethics guidelines.
• B)After five years with a client,the lead audit partner must rotate off the account for at least five years.
• C)Congress established the American Institute of Certified Public Accountants to develop ethical guidelines in a Code of Professional Conduct.
• D)Auditors must communicate regularly and completely with audit committees of their clients and must describe options the firm considers in preparing financial statements.