As a result of the Sarbanes-Oxley Act (SOX) ________.
A) managers don't need to know as much about accounting because audits are more effective now
B) fewer accountants are needed because their work is now done by the PCAOB.
C) all managers need some basic understanding of accounting principles
D) all accounting fraud has been eliminated
Correct Answer:
Verified
Q123: Who must approve any rules set by
Q124: The PCAOB has the charge of overseeing
Q125: Which of the following is an indication
Q126: Who created the PCAOB?
A)the Financial Accounting Standards
Q127: The PCAOB has the charge of overseeing
Q129: The SOX Act requires external auditors _.
A)provide
Q130: Who hires a company's external auditors?
A)management
B)the audit
Q131: What is the purpose of the PCAOB
Q132: An important factor in good corporate governance
Q133: What are some of the new responsibilities
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