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

question 65

Multiple Choice

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

• A) some foreign firms have delisted 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:

Ratio

A mathematical relationship between two numbers showing how many times the first number contains the second.

Exchange Rate

The conversion value of one currency in relation to another.

Net Gain

The difference between the selling price of an asset and its purchase price, after adjusting for costs, taxes, and other expenses.

Ratio

A numerical relationship showcasing how many times one number can include or fit into another.