The Sarbanes-Oxley Act

question 27

Multiple Choice

The Sarbanes-Oxley Act

• A) levelized import tariffs to prevent fraudulent behavior.
• B) prohibited commercial banks from participating in the investment banking business to prevent unethical lending.
• C) prohibited corrupt foreign business practices, for example, bribing of foreign government officials.
• D) removed barriers in the market among banking companies to prevent unethical insider trading.
• E) established strict accounting and reporting rules to make senior managers more accountable and to improve and maintain investor confidence.

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Definitions:

Functional Categories

Groups of functions or operations that are categorized together based on their purpose or effect in various disciplines, such as linguistics, mathematics, or computer science.

Device Driver

Software that enables communication between the operating system and a hardware device, ensuring proper functionality.

Operating System

The fundamental software that manages the hardware and software resources of a computer, providing a platform for applications to run.