When congress passed the sarbanes-oxley act of 2002, it imposed greater regulation on public companies and their auditors and required increased accountability. which of the following is not a provision of the act?
a. executives must certify the appropriateness of the financial statements.
b. the act provides criminal penalties for fraud.
c. auditors may not provide specific nonaudit services for their audit clients.
d. audit firms must be rotated on a periodic basis.

The correct answer is D. Audit firms must be rotated on a periodic basis.

Explanation:

List of services that cannot be provided by an audit firm, in the event that

present audit services simultaneously, they are:

- Keep accounting or prepare financial statements of the registered company.

- Design and implementation of accounting information systems and financial information systems.

- Services that imply the performance of valuations or actuarial services.

- Internal control consulting.

- Administration and human resources services.

- Financial advisory services.

- Legal consulting not linked to audit services.

the answerr would be 1

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.