What does Section 404 of the Sarbanes-Oxley Act of 2002 require? (a) A 10-year jail sentence and

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What does Section 404 of the Sarbanes-Oxley Act of 2002 require?

(a) A 10-year jail sentence and $1 million fine for violations of the act.

(b) Rotation of audit partners every five years.

(c) A statement by the company regarding the effectiveness of internal controls and a disclosure of any material weaknesses in a firm’s internal control system.

(d) Auditor independence, which prohibits audit firms from offering any services other than audit services.

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