Section 404 of the Sarbanes-Oxley Act of 2002 Prescribes That

question 24

Multiple Choice

Section 404 of the Sarbanes-Oxley Act of 2002 prescribes that

• A)the positions of CEO and chairman of the board must be held by different individuals.
• B)the annual report must explain the firm's internal controls and attest to their effectiveness.
• C)insider trading must be disclosed a few days before a trade is executed.
• D)auditors must be rotated on an regular basis.

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Definitions:

In-Phase

Usually used to mean properly timed or properly balanced. A driveshaft that is in-phase would be assembled balanced and with the yokes aligned.

Drive Axles

The axles connected to the vehicle's drivetrain that are responsible for transmitting power from the transmission to the wheels, enabling movement.

Parallel-Joint Driveline

In driveline terminology, a drive shaft construction in which all of the companion flanges and yokes are parallel with the working angles of the U-joints set to being equal and opposite.

Mating Yokes

Components designed to connect or join together in a mechanical system, ensuring proper alignment and transfer of motion or force.