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Refer to Ridgley, Cooper, and Ross. Which of the following represents a key component of the Sarbanes-Oxley Act relating to consulting services? a. A public
Refer to Ridgley, Cooper, and Ross. Which of the following represents a key component of the Sarbanes-Oxley Act relating to consulting services?
a. | A public corporation must change its lead consulting firm every five years. |
b. | Accounting firms are prohibited from providing many types of consulting services to the companies they audit. |
c. | Accounting firms who report violations of the Sarbanes-Oxley Act must be banned from consulting for five years. |
d. | The SEC is required to establish a full-time five-member federal oversight board that will police the consulting industry. |
e. | Consultants must maintain financial documents and audit work papers for fifteen years. |
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