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Potential Liability to Third Parties & The Sarbanes-Oxley Act 10. Working papers usually do not include: a. notes O b .computations O c. memoranda Od

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Potential Liability to Third Parties & The Sarbanes-Oxley Act 10. Working papers usually do not include: a. notes O b .computations O c. memoranda Od copies e school calendars 11. Because an accountant performs an audit for a dient, all states have declared that working papers related to that audit belong to the client. True False Select 12. Under Section Select of the Sarbanes-Oxley Act an accountant currently must retain working papers fo from the end of the fiscal period in which the audit was concluded 13. Failure to retain working papers for the required length of time could result in: Danes imponent for up to ten years tes. mprisonment for up to ten years or both Check My Work (romana) MacBook Air Potential Liability to Third Parties & The Sarbanes-Oxley Act 10. Working papers usually do not include: a. notes O b .computations O c. memoranda Od copies e school calendars 11. Because an accountant performs an audit for a dient, all states have declared that working papers related to that audit belong to the client. True False Select 12. Under Section Select of the Sarbanes-Oxley Act an accountant currently must retain working papers fo from the end of the fiscal period in which the audit was concluded 13. Failure to retain working papers for the required length of time could result in: Danes imponent for up to ten years tes. mprisonment for up to ten years or both Check My Work (romana) MacBook Air

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