All of the Following Are Consequences of the Sarbanes-Oxley Act

question 71

Multiple Choice

All of the following are consequences of the Sarbanes-Oxley Act EXCEPT:

• A) a decrease in foreign firms listing on U.S.stock exchanges.
• B) internal auditing scrutiny has improved and there is greater trust in financial reporting.
• C) an increased number of IPOs (initial public offerings) are expected.
• D) Section 404 creates excessive costs for firms.