SOX Increased the Time Requirement and Legal Risk for Company

question 7

Multiple Choice

SOX increased the time requirement and legal risk for company directors.These requirements will likely:

• A)Increase the number of directors in the board
• B)Reduce the number of directors in the audit committee
• C)Increase audit fees
• D)Reduce the number of boards that each director sits on
• E)All of the above

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Definitions:

Matrilineal Descent

A lineage system where ancestral descent is traced through the mother's line rather than the father's.

Descent Group

A descent group is a social group whose members talk about common ancestry through either matrilineal or patrilineal lines, serving as a fundamental unit in the organization of societies.

Matrilineal Descent

A system of lineage in which the family lineage is traced through the mother's line.

Mother's Brother

In many cultures, the mother's brother holds a special status or role, often distinct from that of the father, reflecting particular kinship systems or social norms.