Which of the Following Is Not a Requirement of the Sarbanes-Oxley

question 1

Multiple Choice

Which of the following is not a requirement of the Sarbanes-Oxley Act?

• A)Internal audit outsourcing can no longer be provided by a publicly-traded corporation's external auditors.
• B)All publicly-traded corporations must have an internal audit function.
• C)All publicly-traded corporations must provide internal controls over financial reporting that guarantees financial accuracy.
• D)The audit committee of a publicly-traded corporation must report to the company's board of directors.

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Definitions:

Vicious Cycle

A sequence of reciprocal cause and effect where a negative situation is perpetuated, often leading to a deterioration of the situation over time.

Social Inequality

The unequal distribution of resources, opportunities, and privileges among individuals in a society, often based on race, gender, or social class.

Racial Stereotypes

Oversimplified or generalized perceptions or beliefs about the characteristics, attributes, and behaviors of members of a particular racial group.

Cultural Markers

Symbols, activities, goods, or practices that identify and distinguish cultural groups or categories.