All of the following are reasons why SOX was enacted, except:
A) Enron's CEO, Jeffrey Skilling, claimed he did not know about the company's financial shenanigans because he was not involved in their accounting
B) Public perception was that auditors were having conflicts of interest with respect to the auditing and consulting services they provided
C) The CICA has long been thought to be ineffective
D) Congress wanted to restore investor confidence in the wake of a rash of corporate scandals
Correct Answer:
Verified
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A)Test
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