In Relation to Changes to Auditing Regulation It Is True

question 5

Multiple Choice

In relation to changes to auditing regulation it is true that:

• A)the CLERP reforms and the Sarbanes-Oxley reforms are very similar in approach.
• B)the CLERP reforms in Australia are more rules-based than the Sarbanes-Oxley reforms.
• C)the Sarbanes-Oxley reforms in the USA are principles-based.
• D)the Sarbanes-Oxley reforms are more rules-based and the CLERP reforms are more principles-based.

---

Definitions:

Biological Catalysts

Enzymes that speed up chemical reactions in the body without being consumed in the process.

Denaturation

The process by which a protein loses its three-dimensional structure and hence its function, usually caused by changes in pH or temperature.

Non-Specific

Describes reactions or responses that are not distinct to a particular antigen or stimulus, often referring to parts of the immune system that provide general defense mechanisms.

Denaturation

The process by which a protein loses its native shape and biological activity due to external stressors like heat, acidity, or chemical action, often irreversible.