Which of the following does not represent a major provision of the Sarbanes-Oxley Act?
A)Nonaudit services.
B)Quarterly financial statements.
C)Auditor rotation.

Question

Quizplus · Accepted Answer

Quarterly financial statements are a requirement of the Securities Exchange Act of 1934 and not a provision of the Sarbanes-Oxley Act. The major provisions of the Sarbanes-Oxley Act include increased corporate responsibility, enhanced financial disclosures, auditor independence, and the creation of the Public Company Accounting Oversight Board (PCAOB). Nonaudit services and auditor rotation are examples of provisions aimed at enhancing auditor independence.

Which of the Following Does Not Represent a Major Provision