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Which is not an important result of the sarbanes-oxley act

Assignment Help Managerial Accounting
Reference no: EM132959407

Problem 1: Management accountants must comply with all of the following ethical standards EXCEPT:

A. Reporting ethical breaches to the CMA.

B. Maintaining professional competence.

C. Performing duties with credibility.

D. Preserving confidentiality of information.

Problem 2: Which of the following is NOT an important result of the Sarbanes-Oxley Act of 2002?

A. Stiffer penalties and imprisonment were instituted for white collar crimes.

B. The audit committee must be independent and include a financial expert.

C. Employees are responsible for the financial reporting completed in their department.

D. CA firms have limitations on non-audit service for audit clients.

Reference no: EM132959407

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