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Exam CMA-Financial-Planning-Performance-and-Analytics All Questions
Exam CMA-Financial-Planning-Performance-and-Analytics All Questions

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IMA CMA CMA-Financial-Planning-Performance-and-Analytics Question # 6 Topic 1 Discussion

CMA-Financial-Planning-Performance-and-Analytics Exam Topic 1 Question 6 Discussion:
Question #: 6
Topic #: 1

Which one of me following statements is correct concerning the Sarbanes-Oxley Act of 2002?


A.

A company's Chief Accounting Officer cannot have been employed by the company's audit firm for the five years preceding the audit


B.

The five-member Public Company Accounting Oversight Board will be overseen by the AICPA and the FASB working together


C.

Corporate executives must personally certify the financial statements and company disclosures under the possibility of imprisonment


D.

The company's audit firm must be rotated every five years and the lead auditor must be rotated every year


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