Which of the following is NOT one of the ways that the Sarbanes-Oxley Act sought to improve the accuracy of information given to both boards and shareholders?
A) by increasing the penalties to firms for providing false information
B) by increasing the independence of auditors and clients
C) by decreasing the non-audit fees that an auditor can receive from a client
D) by forcing companies to audit financial statements they release

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act did not force companies to audit their own financial statements, as this is already required by generally accepted accounting principles (GAAP). The other options, such as increasing penalties for false information and increasing auditor independence, were measures taken to improve the accuracy of information given to both boards and shareholders.

Which of the Following Is NOT One of the Ways