2. True False Statements A. Section 404 of the sSarbanes Oxley law requires the CPA B. The Sarbanes-Oxley Act strengthened auditor independence by C. An audit committee must be composed of outside directors D. The PCAOB is authorized to set accounting standards for E. The name of the PCAOB is the Public Company Accounting firm auditing a company to take responsibility for the company's internal controls requiring audit committees to appoint the auditors An example of an outside director is a director who is a CIO 5 1 (chief informational officer) of a segment of the company audits of companies whose stock is publically traded Oversight Board Answers "TRUE or "FALSE A. C