Which of the Following Is Not a Provision of the Sarbanes-Oxley

question 18

Multiple Choice

Which of the following is not a provision of the Sarbanes-Oxley Act?

• A) Executives can avoid penalties for fraud by declaring personal bankruptcy.
• B) Stiffer penalties for fraud in terms of monetary fines and jail time decrease the incentive to commit fraud.
• C) Public companies must adopt a code of ethics for senior financial officers.
• D) Management must issue a report that indicates whether internal controls are effective at preventing errors and frauD.
• Executives cannot avoid monetary penalties by declaring personal bankruptcy.

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Definitions:

Consequences

The results or outcomes of an action or condition, often considered in the context of negative results.

Bullying

Unwanted, aggressive behavior among school-aged children that involves a real or perceived power imbalance.

High School

An educational institution that provides secondary education, typically encompassing grades 9 through 12, and prepares students for college, vocational training, or the workforce.

Zero-Tolerance Policy

A policy that enforces strict consequences for specific offenses or behaviors, without exceptions.