Which of the following provisions of the Sarbanes-Oxley Act already existed in governmental auditing standards?
A) Auditors are required to report deficiencies in the design or operation of internal controls.
B) Not-for-profit organizations are required to establish audit committees composed of non-management board members.
C) All nonaudit services performed by the auditors must be approved by the audit committee.
D) All of the above.

Question

Quizplus · Accepted Answer

Several provisions of the act already existed in governmental auditing standards. In particular, auditors are to report deficiencies in the design or operation of internal controls. Also, GAO standards for independence prohibit auditors from performing many nonaudit services.

Which of the Following Provisions of the Sarbanes-Oxley Act Already