The Sarbanes-Oxley Act of 2002 contains all of the following provisions EXCEPT:

Q: The Sarbanes-Oxley Act of 2002 contains all of the following provisions EXCEPT:

Option B The Sarbanes-Oxley Act 2002 contains all the given provisions except that Financial statement must be audited once every three years by the Government Accounting office. There's no provision as such mentioned in the act.

ID: 2412013 • Letter: T

Question

The Sarbanes-Oxley Act of 2002 contains all of the following provisions EXCEPT: a. The audit committee of the board of directors of a company must hire, compensate, and terminate the public accounting firm that audits the company’s financial reports. b. Financial statement must be audited once every three years by the Government Accounting Office. c. Both the CEO and CFO must certify in writing that their company’s financial statement and accompanying disclosures fairly represent the results of operations. d. A company’s annual report must contain an internal control report.

Explanation / Answer

Option B

The Sarbanes-Oxley Act 2002 contains all the given provisions except that Financial statement must be audited once every three years by the Government Accounting office. There's no provision as such mentioned in the act.

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The Sarbanes-Oxley Act of 2002 (SOX) was passed as the result of the Enron scand

The Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legis

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The Sarbanes-Oxley Act of 2002 contains all of the following provisions EXCEPT:

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