In Addition to Expanding the Role of Board Members, the Sarbanes-Oxley

question 33

Multiple Choice

In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of

• A) the corporate vision.
• B) the corporate mission.
• C) financial information.
• D) the balanced scorecard.
• E) All of the answer choices are correct.

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Definitions:

Current Maturities

The portion of a long-term debt that is due to be paid within the next year.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often accounted for in financial planning.

Remote

Referring to work, operations, or processes conducted away from a central office or location, often facilitated by digital communication technology.

Contingent Liability

A potential financial obligation that may arise in the future, dependent on the outcome of a specific event.