In 2002,Congress passed the Sarbanes-Oxley Act.Which of the following is not a provision of that act?
A)The law empowered the American Institute of Certified Public Accountants (AICPA)to oversee licensure of auditors.
B)The Chief Executive Officer (CEO)must sign the company's financial statements attesting to the inclusion of all material information.
C)The Public Company Accounting Oversight Board (PCAOB)was created.
D)The CEO and Chief Financial Officer (CFO)must indicate that they are responsible for the company's system of internal control.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act did not empower the American Institute of Certified Public Accountants (AICPA) to oversee licensure of auditors. The act instead established the Public Company Accounting Oversight Board (PCAOB) as the organization responsible for overseeing the regulation of audit professionals.

In 2002,Congress Passed the Sarbanes-Oxley Act