Which of the Following Is NOT One of the Requirements

question 88

Multiple Choice

Which of the following is NOT one of the requirements of the Sarbanes-Oxley Act (SOX) ?

• A)SOX requires an assessment by management of the internal control structure.
• B)SOX states that the board of directors is required to establish an audit committee to oversee financial matters of the company.
• C)SOX requires the external auditors to test the effectiveness of internal controls and issue a report which gives an opinion on the effectiveness of the internal controls.
• D)SOX requires that all employees adopt a code of ethics.

---

Definitions:

Share

An individual portion of a company's capital, represented by a stock, that entitles its holder to a proportion of the corporation's earnings and assets.

Family and Medical Leave Act

A U.S. law that provides eligible employees with unpaid, job-protected leave for certain family and medical reasons.

Companies

Legally recognized organizations designed to provide goods or services to consumers for profit.

Multi-National Companies

Businesses that operate in multiple countries around the world, beyond their home country.