The Sarbanes-Oxley Act of 2002 Requires a Publicly-Traded Corporation to _____

question 67

Multiple Choice

The Sarbanes-Oxley Act of 2002 requires a publicly-traded corporation to _____.

• A) keep confidential the procedures used to construct and report financial statements.
• B) have an internal audit team that render an unbiased (independent) opinion concerning the firm's financial statements
• C) have a committee that consists of outside directors to oversee the firm's audits
• D) increase the certainty of the expected cash flows
• E) adopt the primary goal of stockholder wealth maximization

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Definitions:

Mechanical Stimuli

Physical forces that influence biological processes in organisms, such as pressure, stretch, and flow.

Phototropism

The orientation of a plant or other organism in response to light, typically towards the source of light.

Light

A form of electromagnetic radiation that is visible to the human eye and is responsible for the sense of sight.

Light-activated Kinases

Enzymes that become active in response to light exposure and play important roles in various biological signaling pathways.