Statements about the sarbanes-oxley 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 a federal oversight board. B-Because the act is complex, compliance is more expensive and time consuming for corporate management. C-The act strengthened the penalty for destroying financial documents related to an audit. D-The act was passed in 1996. E-Because of the act, a corporation’s chief executive and financial officers must certify financial reports.

Reference no: EM131354420

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