All of the Following Are Consequences of the Sarbanes-Oxley Act

question 71

Multiple Choice

All of the following are consequences of the Sarbanes-Oxley Act EXCEPT:

• A) a decrease in foreign firms listing on U.S.stock exchanges.
• B) internal auditing scrutiny has improved and there is greater trust in financial reporting.
• C) an increased number of IPOs (initial public offerings) are expected.
• D) Section 404 creates excessive costs for firms.

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Definitions:

Abdominal Cramps

A sharp, intense pain within the stomach or lower abdominal area.

Vestigial Organ

A part of the body that has lost most or all of its original function through the process of evolution.

Tarry Stool

Black, sticky feces indicative of bleeding in the upper gastrointestinal tract, often a sign of a serious medical condition.

Skin Barrier Cream

A topical product designed to protect the skin from irritants and moisture, often used to prevent or treat skin breakdown.