Which of the Following Requires That Publicly Traded U

question 47

Multiple Choice

Which of the following requires that publicly traded U.S. companies maintain an effective system of internal controls?

• A) The Sarbanes-Oxley Act of 2002 (SOX)
• B) Internal Revenue Service
• C) Securities and Exchange Act of 1934
• D) AICPA

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Definitions:

Sickle Cell Anemia

An inherited form of anemia in which there is an abnormality in the hemoglobin beta chains; the inheritance pattern is autosomal recessive.

Cystic Fibrosis

A genetic disorder affecting the lungs and digestive system, characterized by thick, sticky mucus that can lead to severe respiratory and digestive problems.

Tay-Sachs Disease

A genetic disorder characterized by the absence of a specific enzyme, resulting in the accumulation of fats in nerve cells, leading to death in early childhood.

Hemophilia A

A genetic disorder caused by missing or defective Factor VIII, a clotting protein, leading to prolonged bleeding after injury.