QUESTION 12

1. Which of the following statements is most correct?

   		a. Sarbanes-Oxley established a new Federal agency, the Public Company Auditing Board, to audit public companies financial statements.
   		b. Sarbanes-Oxley prohibited investment banks from allowing their analysts to make recommendations on stocks the investment banks do business with.
   		c. Sarbanes-Oxley requires that either the CEO or CFO hand-deliver the annual and quarterly financial statements to the SEC.
   		d. Sarbanes-Oxley requires that auditors maintain extensive records to document that their consulting and auditing services for a given company are not conflicting.
   		e. Sarbanes-Oxley prohibits auditors from providing consulting services to the companies they audit.