Which of the following statements about the Sarbanes-Oxley Act is incorrect? a. Because of the act,...

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Which of the following statements about the Sarbanes-Oxley Act is incorrect? a. Because of the act, the SEC was required to establish an oversight board. b. Because of the act, a corporation's chief executive and financial officers must certify financial reports. c. Because of the act, auditors, accountants, and employees can be imprisoned for destroying financial documents related to an audit. d. Because of the act, auditors and accountants receive monetary rewards if they find violations. e. Because the act is complex, compliance is more expensive and time consuming for corporate management. Which of the following statements about the Sarbanes-Oxley Act is incorrect? a. Because of the act, the SEC was required to establish an oversight board. b. Because of the act, a corporation's chief executive and financial officers must certify financial reports. c. Because of the act, auditors, accountants, and employees can be imprisoned for destroying financial documents related to an audit. d. Because of the act, auditors and accountants receive monetary rewards if they find violations. e. Because the act is complex, compliance is more expensive and time consuming for corporate management.

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The SarbanesOxley Act of 2002 was enacted to protect investors from fraudulent ac... View the full answer