The Sarbanes-Oxley Act of 2002 Was Passed in Order to

question 14

Multiple Choice

 The Sarbanes-Oxley Act of 2002 was passed in order to

• A) control pollution and protect the environment in the long term.
• B) increase taxation levels for companies doing business abroad.
• C) eliminate the practice of bribery.
• D) control the manipulation of accounts by the top management in firms.

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Definitions:

Minor

A person who is under the legal age of adulthood, typically considered to be under 18 years old in many jurisdictions.

Timely Manner

Refers to completing tasks or responsibilities within an expected or agreed-upon timeframe.

Mentally Incompetent

A legal status indicating that an individual lacks the capacity to make decisions for themselves due to mental limitations or impairments.

Legally Binding

Refers to agreements or contracts that have legal force and are enforceable by law.