The Internal Control Provisions of SOX Apply to Which Companies

question 54

Multiple Choice

The internal control provisions of SOX apply to which companies in the United States?

• A)All companies.
• B)SEC registrants.
• C)All issuer (public)companies and nonissuer (nonpublic)companies with more than $100,000,000 of net worth.
• D)All nonissuer companies.

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Definitions:

Conditional

A logical statement that has two parts: a hypothesis (if) and a conclusion (then), expressing a condition and its outcome.

Conjunct

A component in a conjunction, an operator in logic that combines two statements to form a single proposition that is true only when both statements are true.

Conjunction

A logical operator that connects two statements or propositions, both of which must be true for the combined statement to be true.

Tautology

A statement that is true by necessity or by virtue of its logical form, often repeating the same idea or statement using different words.