Which of the Following Is Not Either a Legislative or Regulatory

question 6

Multiple Choice

Which of the following is not either a legislative or regulatory response to the financial and accounting frauds that occurred in the early twenty-first century?

• A) an increase in SEC funding
• B) the enactment of guidelines for federal prosecutors
• C) amendments to the U.S. Sentencing Guidelines that increase prison sentences
• D) the Sarbanes-Oxley Act
• E) the Milken-Boesky Sanctions Act

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Definitions:

Fraud

A deliberate deception to secure unfair or unlawful gain, often financial in nature. It can involve various schemes, including embezzlement, identity theft, and forgery.

Internationally

Pertains to activities, transactions, or operations that occur between or involve more than one country.

Interest Expense

The cost incurred by an entity for borrowed funds, usually presented on the income statement as a cost of financing.

Note Payable

A written promise to pay a specific amount of money, usually including interest, at a future date or under specific conditions.