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

question 153

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 goal of the Act is to decrease the likelihood of unethical corporate behavior.

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Definitions:

Expected Selling Price

The price at which a seller anticipates being able to sell a product or service.

Bid Shade

Bid shading is the strategy of offering a lower bid than what you're actually willing to pay, often used in auctions or competitive bidding scenarios.

Custom Jewelry

Jewelry pieces that are made according to the specifications or preferences of the customer, offering a personalized experience.

Art

Human creative skill and imagination, typically expressed through visual forms such as painting, sculpture, or photography, producing works to be appreciated for their beauty or emotional power.