The 2002 Sarbanes-Oxley Act Forbids Use of an Audit Committee

question 69

True/False

The 2002 Sarbanes-Oxley Act forbids use of an audit committee by the board of a publicly held corporation; the full board must oversee the work of the public accounting firm employed to audit the corporate books.

---

Definitions:

Assessment

A systematic evaluation or analysis of a condition, situation, or education achievement to make informed decisions.

Emergency Assessment

The initial evaluation and management of a patient in a critical condition, aiming to stabilize their vital functions.

Shift Change

The process in workplaces, especially in healthcare, where employees transition between coming on duty and leaving duty at different times.

Clustering Data

The process of grouping a set of objects in such a way that objects in the same group are more similar to each other than to those in other groups.