Question

Which of the following is not a requirement or result of the Sarbanes-Oxley Act of 2002?

a. Eliminating auditor reporting on a company's internal controls.
b. Effective internal controls over the preparation of financial statements.
c. Strong internal controls over the recording of transactions.
d. Helping to prevent fraud and theft.

Answer 1

The Sarbanes-Oxley Act of 2002 does not eliminate auditor reporting on a company's internal controls.

Step-by-step explanation:

The correct answer is a. Eliminating auditor reporting on a company's internal controls. This is not a requirement or result of the Sarbanes-Oxley Act of 2002. The Sarbanes-Oxley Act actually requires auditors to report on a company's internal controls and the effectiveness of those controls. This is to ensure that financial statements are accurate and reliable, and to help prevent fraud and theft.