According to the Sarbanes-Oxley Act (SOX), Who Are the External

question 41

Multiple Choice

According to the Sarbanes-Oxley Act (SOX) , who are the external auditors hired by and required to report to?

• A) Audit committee
• B) Chief financial officer
• C) President of the company
• D) Internal auditors

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Definitions:

Angela Lee Duckworth

A psychologist known for her research on grit and perseverance, suggesting that passion and resilience are key factors in personal and professional success beyond IQ and talent.

Restricted Gift

A donation given to a nonprofit organization with specific conditions attached regarding how the funds are to be used.

Specific Purpose

A clear, focused objective or reason for an action or the existence of an entity.

Fund-raising Effort

Organized activities or campaigns undertaken to gather financial support for a specific cause or organization.