Which of the Following Is Not a Requirement Imposed by the SOX

question 11

Multiple Choice

Which of the following is not a requirement imposed by the SOX Corporate Governance Framework?

• A)The audit committee must be comprised solely by independent directors
• B)The audit committee is responsible for appointing the company's external auditor
• C)The audit committee must establish procedures to allow employees to submit anonymous complaints
• D)The audit committee must approve non audit services to be provided by the auditors
• E)The audit committee must be comprised solely by financial experts

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Definitions:

Humanist Approach

A psychological perspective that emphasizes individual potential and stresses the importance of growth and self-actualization.

Free Will

The concept that individuals have the power to make choices that are not predetermined by past events or natural laws.

Culture of Honor

A culture where personal or family reputation is extremely important, and insults or threats to reputation are often met with aggressive responses.

Richard Nisbett

An American psychologist known for his work in the fields of social psychology, culture, cognitive science, and intelligence.