Which of the following is not true regarding the Sarbanes-Oxley Act?
A) It attempts to force accountants to conform to regular accounting standards in preparing a firm's financial statements.
B) It requires that only outside board members of a firm be on the firm's audit committee.
C) It allows public accounting firms to offer nonaudit consulting services to an audit client whether the client's audit committee pre-approves the nonaudit services or not.
D) It prevents members of a firm's audit committee from receiving consulting of advising fees or other compensation from the firm beyond that earned from serving on the board.
Correct Answer:
Verified
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