After passage of the Sarbanes-Oxley Act:

(a) reports prepared by managerial accountants must by audited by CPAs.

(b) CEOs and CFOs must certify that financial statements give a fair presentation of the company’s operating results.

(c) the audit committee, rather than top management, is responsible for the company’s financial statements.

(d) reports prepared by managerial accountants must comply with generally accepted accounting principles

(GAAP).