This Act Calls for Auditor Independence and Increased Disclosure Regarding

question 61

Multiple Choice

This act calls for auditor independence and increased disclosure regarding executive compensation, insider trading, and financial statements.It has been successful at improving corporate governance.Publicly traded stock insurance companies are required to comply with this act.Identify it.

• A)Sarbanes-Oxley (SOX) Act
• B)Gramm-Leach-Bliley Financial Services Modernization Act (GLBA)
• C)State Modernization and Regulatory Transparency (SMART) Act
• D)Health Insurance Portability and Accountability Act (HIPPA)
• E)Federal Information Security Management Act (FISMA)

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Definitions:

Sample Size

The number of observations or data points collected in a statistical study.

Defective Items

Products that fail to meet quality standards.

Own a Car

Refers to the possession or ownership of an automobile by individuals or households.

Standard Deviation

A metric that quantifies how spread out a dataset is around its average, determined by taking the square root of the variance.