Which of the Following Is Not True About How the Sarbanes-Oxley

question 20

Multiple Choice

Which of the following is not true about how the Sarbanes-Oxley Act emphasizes the importance of the character of managers and employees?

• A)It requires that ethics be embedded in the organizational culture.
• B)It requires that audit committees establish anonymous tip lines.
• C)It provides protection for whistle-blowers.
• D)It requires that public companies adopt a code of ethics for senior financial officers.

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Definitions:

Six-Figure Accuracy

Precision to the level of one part in a hundred thousand, often used in the context of scientific measurements or financial calculations.

Calculate

Determine mathematically.

Percent Change

The extent to which a quantity has increased or decreased, expressed as a percentage.

Initial Value

The starting monetary or numerical value of an investment, account, or another financial instrument before any earnings or losses.