Which of the following is not correct relating to the Sarbanes-Oxley Act? A.) It eliminates...

80.2K

Verified Solution

Question

Accounting

Which of the following is not correct relating to the Sarbanes-Oxley Act?

A.) It eliminates a significant portion of the accounting profession's system of self-regulation.

B.) It restricts the types of consulting CPAs may perform for audit clients.

C.) It applies to both public and nonpublic audit clients.

D.) It toughens penalties for corporate fraud.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students