Which of the following is not a requirement of the Sarbanes-Oxley Act?
A)Internal audit outsourcing can no longer be provided by a publicly-traded corporation's external auditors.
B)All publicly-traded corporations must have an internal audit function.
C)All publicly-traded corporations must provide internal controls over financial reporting that guarantees financial accuracy.
D)The audit committee of a publicly-traded corporation must report to the company's board of directors.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires companies to establish internal controls over financial reporting, but it does not guarantee financial accuracy; it requires reasonable assurance.

Which of the Following Is Not a Requirement of the Sarbanes-Oxley