True / False (True = A, False = B) 62. The Sarbanes-Oxley Act of 2002 was enacted by Congress in response to a series of highly visible financial reporting frauds and audit failures that undermine investor confidence in the U.S. Capital markets. 63. U.S and non U.S. accounting firms that prepare audit reports of any U.S, public Company (issuer of securities) must register with the PCAOB. 64. Firms that provide audit reports for at least 100 issuers - PCAOB must inspect annually. 65. Sarbanes-Oxley established requirements related to "corporate responsibility" to make executives take responsibility for the accuracy of financial reporting and to make it illegal for management to improperly influence the conduct of an audit. 66. Errors can be intentional or unintentional acts that result in a material misstatement in financial statements