Which of the following statement is true of the Sarbanes-Oxley Act of 2002?
A) It requires foreign accounting firms to register with the Public Company Accounting Oversight Board if they audit public companies.
B) The act reduces criminal penalties for securities fraud.
C) Its registration and reporting provisions apply only to U.S.companies listed on U.S.securities exchanges.
D) Section 106 of the act deals expressly with national accounting firms.
Correct Answer:
Verified
Q10: The failure of an accountant to discover
Q14: Generally accepted accounting principles:
A) limit recovery to
Q21: The near privity approach was adopted by
Q21: After an audit,an accountant certifies the financial
Q22: Rule 10b-5 prohibits any person from making
Q25: Section 11(a)imposes liability on accountants for:
A)misstatements or
Q26: An investor seeking to recover stock market
Q27: Which of the following statements is true
Q28: Titus,a CPA,certified a client's financial statements because
Q29: The Restatement approach to third-party negligence suits
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents