Question 5

All of the following are important provisions of the Sarbanes-Oxley Act except: A. The establishment of a new Public Company Accounting Oversight Board. B. The requirement to prepare both FASB and IASB financial statements. C. A requirement that the external auditors report directly to the company's audit committee. D. A clause to prohibit public accounting firms that audit a company from providing any other service that could impair their ability to act independently in the course of their audit. E. None of the above statements are false. The following information is available from the records of Aggies R Us, Inc. at the of the 2017 calendar year. Assume this Aggies' 1^st year of operation