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.

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 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

All of the following requirements about internal controls were enacted under the Sarbanes Oxley Act exceptGroup of answer choicescompanies must develop sound internal controls over financial reporting.companies must continually assess the functionality of internal controls.independent outside auditors must attest to the level of internal control.independent outside auditors must eliminate redundant internal controls.

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.

Under the Sarbanes-Oxley Act, CEOs of firms are required to Blank______.Multiple choice question.vouch for financial statements using a series of internal control mechanisms and reportsminimize their control over the financial activities of their companiesprovide health insurance for employees if their firms have 100 or more full-time employeesrefrain from acting as board members for other companies