The SOX Act requires ________.
A) the CEO and the CFO to certify the annual financial statements
B) the external auditors to prepare,as well as audit,their client's financial statements
C) financial statements be audited by two independent external auditors each year
D) executive compensation no longer be tied to earnings
Correct Answer:
Verified
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
Q135: Who is responsible for giving an opinion
Q136: What are some of the new responsibilities
Q137: What does PCAOB stand for?
A)Public Certified Accountants
Q138: Who is responsible for regulating the auditing
Q139: An indication of good corporate governance _.
A)is
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