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:

Positively Related

A relationship between two variables where an increase in one variable is associated with an increase in the other.

Value

The importance, worth, or usefulness of something, often determined by its desirability and utility.

Up

A direction or trend indicative of progress, increase, or improvement.

Opposite Directions

Opposite directions refer to the scenario where two or more entities move or act in contrasting pathways or alignments, leading to distinct or divergent outcomes.