alleryStart learning →Section 204 of the Sarbanes-Oxley Act required auditors to communicate certain information to whom?
ATax authorities
BAudit committees
CStock exchanges
DBank lenders
Answer & Solution
Correct answer: B. Audit committees
Section 204 required communication to audit committees, which had to be entirely independent.
Keep practising Auditor's Report
Browse all Auditor's Report questions for CA Final, or explore more Auditing topics.
Related questions
Audit reports derive their value mainly from doing what to financial statements?A report meant only for a parent company is what?Independence of the auditor mainly supports which feature of the report?The introductory paragraph of the traditional report identifies what?In the traditional three-paragraph report, which paragraph describes the nature of the audWhat does a report to the audit committee typically give?Firing an auditor to hunt for a clean opinion is called what?Sarbanes-Oxley set up which audit regulator?