The Drawback Under Sarbanes-Oxley Act Is Criminal Provision, Which Can

question 13

True/False

The drawback under Sarbanes-Oxley Act is criminal provision, which can be used to punish people who provided information to law enforcing agencies relating to the possible commission of any federal offences.

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Definitions:

Contingency Planning

The process of preparing strategies to deal with potential future emergencies, disruptions, or unexpected events.

Organizational Structure

The system of rules, roles, and responsibilities within a company that determines how it operates and how its employees work together.

Contingency Plan

A strategy or plan prepared in advance to deal with possible future emergencies, changes, or unexpected events.

Situation Analysis

An assessment of an organization's current situation and external environment, used to identify strengths, weaknesses, opportunities, and threats (SWOT).