#24 Transcribed Image Text: Which is NOT a provision of Sarbanes-Oxley?
O A. Auditors of public companies are under the scrutiny of the Public Company Accounting Oversight Board.
O B. Those who commit securities fraud may be sentenced to 25 years in prison.
OC. Accounting firms are allowed to provide both auditing services and a full range of consulting services to their public company clients.
O D. Public companies must issue an internal control report evaluated by an outside auditor.
A check was written by a business for $205, but was recorded in the business’ books as $502. How would this error be recorded on the bank
reconciliation? (Hint: what has to be done to correct the error and who needs to correct it?)
O A. A deduction on the book side
O B. An addition on the book side
O C. An addition on the bank side
O D.A deduction on the bank side
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