True/ false

1. Section 404 of the Sarbanes Oxley - law requires the partner of the CPA firm auditing a company to take responsibility for the companys internal controls.

2. The name of the PCAOB is Public Company Accounting OverSight Board.

3. The Sarbanes Oxley act strengthened auditor independence by requiring audit committees to appoint the auditors.

4. Section 404 of the Sarbanes Oxley law requires that both the company management and the CPA firm auditing the company issue a report on the companys internal controls.

5. The chair of the PCAOB must be a partner in a CPA firm.