Which of the following statements about the Sarbanes-Oxley Act is incorrect? Auditors of public companies are allowed to perform nonaudit services for audit clients as long as the audit committee of the company being audited has preapproved those services. Auditors of public companies must retain all audit or review work papers for seven years or face the threat of a prison term for willful violations. Corporate executives who personally certify financial statements that are fraudulently misstated may be fined and/or imprisoned. Lead audit partners are required to rotate every seven years