Question

Match each of the following provisions of the Sarbanes-Oxley Act (SOX) with its description.
Major Provisions of the Sarbanes-Oxley Act
_____________ 1. Oversight board
_____________ 2. Corporate executive accountability
_____________ 3. Auditor rotation
_____________ 4. Nonaudit services
_____________ 5. Internal control
Descriptions
a. Executives must personally certify the company’s financial statements.
b. Audit firm cannot provide a variety of other services to its client, such as consulting.
c. PCAOB establishes standards related to the preparation of audited financial reports.
d. Lead audit partners are required to change every five years.
e. Management must document the effectiveness of procedures that could affect financial reporting.



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  • CreatedJuly 15, 2014
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