In relation to changes to auditing regulation it is true that:
A)the CLERP reforms and the Sarbanes-Oxley reforms are very similar in approach.
B)the CLERP reforms in Australia are more rules-based than the Sarbanes-Oxley reforms.
C)the Sarbanes-Oxley reforms in the USA are principles-based.
D)the Sarbanes-Oxley reforms are more rules-based and the CLERP reforms are more principles-based.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act in the USA is known for its rules-based approach, focusing on strict compliance and detailed regulations. In contrast, the CLERP reforms in Australia are more principles-based, emphasizing broader guidelines and professional judgment.

In Relation to Changes to Auditing Regulation It Is True