Which of the Following Statements Is Not True Regarding the Sarbanes-Oxley

question 27

Multiple Choice

Which of the following statements is not true regarding the Sarbanes-Oxley Act (SOX) ?

• A) The Act calls for increased oversight responsibilities for boards of directors.
• B) The Act has resulted in increased penalties for financial fraud by top management.
• C) The Act calls for decreased independence of outside auditors reviewing corporate financial statements.
• D) The Act is meant to decrease the likelihood of unethical corporate behavior.

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Definitions:

Evolutionary Psychologists

Scientists who study the role of evolutionary processes in shaping human behavior, thought patterns, and psychological traits.

Human Mind

The totality of conscious and unconscious mental processes and activities in a human being.

General Purpose

pertains to tools, machines, or software designed to perform a variety of functions rather than being specialized for one specific task.

Reinforcement

In behavioral psychology, a consequence applied that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.