The Sarbanes-Oxley Act requires which of the following?
I.Accounting firms auditing a company's books must provide other major services to the firm besides auditing services.
II.The company's Chief Executive Officer (CEO)must swear to the accuracy of quarterly and annual financial reports.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires the company's CEO to swear to the accuracy of quarterly and annual financial reports, but it prohibits accounting firms from providing other major services to the firm besides auditing services. Therefore, option I is incorrect, and option II is correct.

The Sarbanes-Oxley Act Requires Which of the Following