All of the Following Are Major Provisions of the Sarbanes-Oxley

question 20

Multiple Choice

All of the following are major provisions of the Sarbanes-Oxley Act EXCEPT:

• A) CEO and CFO certification of financial reports.
• B) ban on loans to insiders, excepting executive officers and directors.
• C) real-time disclosure of material events.
• D) enhancement of criminal and civil penalties for violations of securities law.

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Definitions:

Formal Group

An intentionally structured group created within an organization, based on specific roles, tasks, and objectives, opposite to spontaneously formed informal groups.

Project Team

A group of individuals assembled to perform activities that contribute towards achieving a common task or project goal.