All of the following are important provisions of the Sarbanes-Oxley Act except
A)the establishment of a new Public Company Accounting Oversight Board.
B)the requirement to prepare both FASB and IASB financial statements.
C)a requirement that the external auditors report directly to the company's audit committee.
D)a clause to prohibit public accounting firms that audit a company from providing any other services that could impair their ability to act independently in the course of their audit.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act does not require companies to prepare both FASB and IASB financial statements. Instead, it primarily focuses on improving corporate governance and financial disclosures to protect investors from accounting fraud and mismanagement.

All of the Following Are Important Provisions of the Sarbanes-Oxley