Which of the Following Statements Is Not True Regarding the Sarbanes-Oxley

question 27

Multiple Choice

Which of the following statements is not true regarding the Sarbanes-Oxley Act (SOX) ?

• A) The Act calls for increased oversight responsibilities for boards of directors.
• B) The Act has resulted in increased penalties for financial fraud by top management.
• C) The Act calls for decreased independence of outside auditors reviewing corporate financial statements.
• D) The Act is meant to decrease the likelihood of unethical corporate behavior.

---

Definitions:

Parietal Lobes

The portion of the cerebral cortex lying at the top of the head and toward the rear; receives sensory input for touch and body position.

Right Hippocampus

Part of the brain located in the temporal lobe, crucial for the formation of new memories and spatial navigation.

Left Hippocampus

A region in the left side of the brain that is involved in the formation of memories.

Verbal Information

Information conveyed through spoken words, language, or other vocalized forms.