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Which One of the Following Statements Is Correct

Question 4

Multiple Choice

Which one of the following statements is correct?


A) Section 203 of the Sarbanes-Oxley Act (SOX) prescribes that audit firms should be rotated every five years.
B) Section 203 of SOX requires that the lead audit partner and the audit partner responsible for reviewing the audit are rotated every five fiscal years.
C) There is no such section in SOX.
D) None of the above.

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