The Sarbanes-Oxley Act (SOX)forced Companies to Validate Their Internal Financial

question 70

Multiple Choice

The Sarbanes-Oxley Act (SOX) forced companies to validate their internal financial control processes by:

• A)putting strict limits on the amount of non-audit fees (consulting or otherwise)that an accounting firm can earn from a firm that it audits.
• B)requiring the CEO and CFO to return bonuses or profits from the sale of stock that are later shown to be due to misstated financial reports.
• C)requiring auditing firms to have long-standing relationships with their clients and receive lucrative auditing and consulting fees from them.
• D)requiring senior management and the boards of public companies to validate and certify the process through which funds are allocated and controlled.

---

Definitions:

Pale And Cool

Describes a physical state where the skin appears lighter than normal and feels cold to the touch, often indicating poor circulation or shock.

Discharge Planning

A process used by healthcare professionals to prepare a patient to leave the hospital or medical facility, ensuring continuity of care and adequate support.

Pneumonia

An inflammatory condition of the lung affecting primarily the small air sacs known as alveoli, typically caused by infectious agents like bacteria, viruses, and fungi.

Productive Cough

A cough that expels mucus or phlegm from the respiratory tract, aiding in clearing the airways.