Which of the Following Is the "Signature" Clause of the Sarbanes-Oxley

question 37

Multiple Choice

Which of the following is the "signature" clause of the Sarbanes-Oxley Act?

• A) CEOs and CFOs of publicly-traded firms must vouch for the veracity of the firm's financial statements.
• B) Corporate board audit and compensation committee members must come from outside directors.
• C) Companies may not make loans to their officers and directors.
• D) Companies must test their internal financial controls against fraud.

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Definitions:

Boomerang Generation

Adults who return to live with their parents after a period of independent living, often due to economic constraints or personal choices.

Stressful Life Events

Occurrences or changes in one's personal life that require significant adjustment, often leading to stress or emotional strain.

Corporate Downsizing

The process by which companies reduce their workforce to cut costs and improve efficiency, often leading to layoffs.

Big Five

A model outlining five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.