Question
All of the following statements are true about the Sarbanes-Oxley Act EXCEPT ________. A. firms are prohibited from retaliating against anyone reporting wrongdoing B. the
All of the following statements are true about the Sarbanes-Oxley Act EXCEPT ________.
A. firms are prohibited from retaliating against anyone reporting wrongdoing
B. the act requires that all directors serving on the audit committee be independent of the firm and receive no fees other than for services of the director
C. the act bans auditors from providing both external and internal audit services to the same company
D. the act established formal procedures for individuals (known as whistle-blowers) to report incidents of questionable accounting or auditing
E. the act did not require that firms identify whether they have a "financial expert" serving on the audit committee who is independent from the management team
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