All of the Following Are Reasons Why SOX Was Enacted

question 24

Multiple Choice

All of the following are reasons why SOX was enacted, except:

• A)Enron's CEO, Jeffrey Skilling, claimed he did not know about the company's financial shenanigans because he was not involved in their accounting
• B)Public perception was that auditors were having conflicts of interest with respect to the auditing and consulting services they provided
• C)The FASB has long been thought to be ineffective
• D)Congress wanted to restore investor confidence in the wake of a rash of corporate scandals

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Definitions:

Preparation Stage

A phase in the Transtheoretical Model of change where individuals intend to take action to address a behavior or problem within the near future.

Action Stage

A phase in the transtheoretical model of behavior change where individuals actively implement strategies to change behavior.

Health Belief Model

A theoretical approach that delineates and predicts individuals' health behavior by spotlighting their attitudes and beliefs.

Perceived Susceptibility

An individual's belief about the risk or likelihood of acquiring a disease or harmful state as a result of certain behaviors.