Which of the Following Is Not a Change Introduced by the Sarbanes-Oxley

question 174

Multiple Choice

Which of the following is not a change introduced by the Sarbanes-Oxley Act?

• A) Management evaluate and report on the effectiveness of internal control over financial reporting.
• B) Publically traded companies must have their financial statements audited.
• C) The company's board of directors is required to establish an audit committee comprised of independent directors.
• D) Public companies must have tip lines that allow employees to secretly submit concerns about questionable accounting or auditing practices.

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Definitions:

Correlated

When two or more variables are related in some way, meaning that a change in one variable is associated with a change in another.

Aggregate Forecasts

Predictions of future demand, sales, or other metrics for entire markets or sectors, typically used for strategic planning.

Disaggregate Forecasts

Disaggregate forecasts involve breaking down aggregate predictions into more detailed, specific forecasts, such as by product, region, or customer segment, to improve planning and decision-making.

Short-Term Forecasts

Predictions about future events or trends that are expected to occur within a relatively brief period, typically less than one year.