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.