Which Key Provision of the Sarbanes-Oxley Act Should Minimize the Opportunity

question 28

Multiple Choice

Which key provision of the Sarbanes-Oxley act should minimize the opportunity for public accountants to minimize conflict of interest?

• A)Establish a maximum fees chargeable by public accountants to firms they do work for
• B)Strengthens the protection for whistleblowers
• C)Having the CEO's and CFO's certify the accuracy of financial reports
• D)Prohibits accounting firms to provide consulting services and audit the same firm

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Definitions:

Grapevine Communication

Grapevine communication refers to the informal and often unofficial spread of information within an organization.

Sender and Receiver

Describes two roles in the communication process where the sender is the one who initiates the message and the receiver is the one who interprets or responds to the message.

Communication

The process of transferring information, ideas, thoughts, feelings, and messages from one person or group to another.

Active Listening

A communication technique that involves giving full attention to the speaker, understanding their message, and responding thoughtfully.