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:

Carrier

An individual or organization in the business of transporting goods or people.

Shipment

The act of transporting goods from one location to another, typically involving a transfer of possession from the seller to a carrier.

Tracking Information

Involves the details provided by shipping or courier services about the status and progress of a shipment's journey from origin to destination.

Suspend Performance

To suspend performance involves temporarily halting the execution of duties or obligations under a contract, usually due to the failure of another party to meet their contractual obligations.