Which are provisions of the Sarbanes-Oxley Act?Multiple select question.strengthens the protection of whistleblowersallows corporate loans to directors of the companyrequires CEOs to certify the accuracy of financial reportsprohibits accounting firms from providing consulting services to companies they audit

Which two requirements must accounting firms that audit public companies meet under the Sarbanes-Oxley Act?Choose 2 answers Firms must not provide certain nonaudit services to audit clients, such as management functions or legal services. Firms must not audit the same public company for more than five consecutive years. Firms must report to and be retained by the audit committee rather than the CFO or other company management. Firms must help to develop and enforce a code of ethics on audit clients.

Which two requirements must management of public companies meet under the Sarbanes-Oxley Act?Choose 2 answers They must be rotated every five years. They must support a stronger board and audit committee. They must provide an assessment of the effectiveness of internal controls with each annual report. They must authorize any loans to members of the board of directors.

What is the provision of section 404 of the Sarbanes–Oxley Act?Multiple choice question.It encourages businesses to go public.It requires employers with 100 or more full-time employees to provide health-care coverage by January 1, 2015.It minimizes control over the financial activities of public firms.It requires a firm to attest to the soundness of the firm's internal controls and financial statements.

Why was the Sarbanes–Oxley Act of 2002 amended in 2010?Multiple choice question.To enhance the power of the board supervising the act to establish clearer disciplinary proceedings where violations have occurredTo minimize control over the financial activities of public companiesTo mandate employers to provide health insurance to employees who work for more than 30 hours per weekTo create a five-member commission that has the power to prescribe safety standards for more than 15,000 types of consumer products

Which of the following led to the passage of the Sarbanes-Oxley Act of 2002?Multiple choice question.High profile accounting scandals during the early 2000sThe likely adoption of global accounting standards in the U.S.The increasing complexity of U.S. GAAPThe increasing incidence of financial statement misstatements