Answer is as under :
Option C : Increased llikelihood of judges dismissing charges against auditors
Sarbanes-Oxley Act has impacted auditors' liability by all of the following except O if pursuing the...
Q 1.198! Which of the following statements is true regarding the Sarbanes-Oxley Act (SOX)? Select all that apply. A The act calls for decreased independence of outside auditors reviewing corporate financial statements. B The act calls for increased oversight responsibilities for boards of directors. c The act has resulted in increased penalties for financial fraud by top management. D The act is meant to decrease the likelihood of unethical corporate behavior.
The Sarbanes-Oxley Act does all of the following except A. require that auditors must certify that the financial statements and company disclosures are appropriate and fairly presented. B. require disclosure that a code of ethics exists for senior financial officers. C. require that CEOs and CFOs must forfeit bonuses if there is a restatement of their company’s accounting disclosures. D. require independence and financial expertise for members of the audit committee.