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The Sarbanes-Oxley Act

Question 35

Multiple Choice

The Sarbanes-Oxley Act:


A) Forces firms with inaccurate financial reporting into Chapter 11 bankruptcy.
B) Does not hold auditing firms liable for their client's inaccurate account reporting.
C) Requires executives to pay back bonuses based on earnings that are later proved fraudulent.
D) Allows an auditing firm from providing the same client with non-auditing services.

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