Which of the Following Is NOT True Regarding the Sarbanes-Oxley

question 15

Multiple Choice

Which of the following is NOT true regarding the Sarbanes-Oxley Act?

• A) The Act mandates the composition and authority of audit committees at public companies.
• B) The Act prohibits personal loans to executives.
• C) The Act requires corporations to disclose whether they have a code of ethics applicable to senior financial officers and, if not, to disclose why not.
• D) The Act gives the SEC the authority to prohibit unfit persons from serving as officers or directors of a public company for a period of five years.

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