Which is NOT a provision of Sarbanes-Oxley?
A) Accounting firms are allowed to provide both auditing services and a full range of consulting services to their public company clients.
B) Those who commit securities fraud may be sentenced to 25 years in prison.
C) Public companies must issue an internal control report evaluated by an outside auditor.
D) Auditors of public companies are under the scrutiny of the Public Company Accounting Oversight Board.

Question

Quizplus · Accepted Answer

The provision that accounting firms are allowed to provide both auditing services and a full range of consulting services to their public company clients is not a provision of Sarbanes-Oxley. In fact, Sarbanes-Oxley created restrictions on the types of non-audit services that accounting firms can provide to their audit clients.

Which Is NOT a Provision of Sarbanes-Oxley