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The Importance to the Accounting Profession of the Sarbanes-Oxley Act

Question 49

Short Answer
The importance to the accounting profession of the Sarbanes-Oxley Act of 2002 is that
a.bribery will be eliminated.
b.management will not be able to override the company's internal controls.
c.firms are required to have an effective internal control system.
d.firms will not be exposed to lawsuits.

The importance to the accounting profession of the Sarbanes-Oxley Act of 2002 is that
a.bribery will be eliminated.
b.management will not be able to override the company's internal controls.
c.firms are required to have an effective internal control system.
d.firms will not be exposed to lawsuits.

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