The Sarbanes-Oxley Act Has Impacted Canadian Companies in the Following

question 36

Multiple Choice

The Sarbanes-Oxley Act has impacted Canadian companies in the following way.

• A)More companies are using third party accounting services.
• B)Public companies are borrowing exclusively through Canadian banks.
• C)Public companies are relying solely on internal auditors to guarantee financial statements.
• D)Public companies traded on U.S. stock exchanges must abide by the Sarbanes-Oxley Act.

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Definitions:

Oversalience Effect

The tendency to overattribute significances to certain stimuli or information over others, which may not be justified.

Central and Peripheral

This refers to the two routes to persuasion proposed by the Elaboration Likelihood Model: the central route, which involves careful and thoughtful consideration of the arguments (content of the message), and the peripheral route, which involves reliance on cues outside the content of the message.

Systematic and Heuristic Processing

Two modes of thinking where systematic processing involves deliberate, analytical evaluation of information, while heuristic processing is based on automatic, quick judgments.

Implicit and Explicit Reception

Implicit and explicit reception encompasses the ways in which individuals subconsciously and consciously process information, attitudes, or cues within their environment.