2016年美国CPA练习题精选：Business 7

　　The Sarbanes-Oxley Act of 2002 requires that one or more members of the audit committee be a financial expert and that the financial reports disclose：

　　a. Certification of independence of the financial expert.

　　b. Confirmation of the audit opinion by the financial expert.

　　c. The name of the Board member（s） serving as financial expert（s）。

　　d. The existence of financial expert（s） on the audit committee or the reasons why the audit committee does not have a financial expert.

　　答案：D

　　Explanation

　　Choice “d” is correct. In the financial reports， the issuer must disclose the existence of financial expert（s） on the committee or the reasons why the committee does not have a financial expert.

　　Choice “c” is incorrect. Although the SEC proposed requirements that the name of the financial expert be disclosed， the Sarbanes-Oxley Act only requires that the existence of a financial expert（s） （or lack thereof） be disclosed.

　　Choice “b” is incorrect. The financial expert is not required to report on the audit opinion.

　　Choice “a” is incorrect. Although audit committee members are required to be independent and the SEC has proposed disclosure of independence， certification of independence is not required in financial reports under the Act.