In their Principles of Financial Accounting class, Batini has been studying the Sarbanes-Oxley Act. Which of the following is not a key component of the act? The Securities and Exchange Commission (SEC) is required to establish a full-time, five-member public company accounting oversight board. Auditors or accountants must maintain financial documents and audit work papers for usually five to seven years, depending on the type of document. A public corporation must change its lead auditing firm every seven to ten years, depending on the size of the corporation. Accounting firms are prohibited from providing many types of non-audit and consulting services to the companies they audit