Which of the Following Is Not a Part of the Sarbanes-Oxley

question 46

Multiple Choice

Which of the following is not a part of the Sarbanes-Oxley Act of 2002?

• A)the establishment of a Public Company Accounting Oversight Board (PCAOB)to supervise accounting firms and thus insure that audits are independent and controlled for quality
• B)increased penalties for white-collar crime and obstruction of official investigations
• C)requires a CEO and CFO to certify that periodic financial statements and disclosure of the firm are accurate
• D)requires investment banks to make public their analysts' recommendations

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Definitions:

Disinflation

A reduction in the rate of inflation, indicating a slowdown in the rate at which the general level of prices for goods and services is rising.

Rate of Inflation

The percentage increase in the general level of prices for goods and services in an economy over a period of time, indicating how fast prices are rising.

Consumer Price Index

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Annual Inflation Rate

The percentage increase in the price level of goods and services in an economy over a year.