Which of the Following Are Requirements Under the Sarbanes-Oxley Act

question 1

Multiple Choice

Which of the following are requirements under the Sarbanes-Oxley act? (check all that apply)

• A)Public companies must evaluate and disclose the effectiveness of their internal financial controls.
• B)Companies must hire independent auditors to verify the disclosures.
• C)IT employees are held personally responsible for the release and validity of all filings.
• D)Company officers can be held personally liable if the company lacks satisfactory data management policies.
• E)Companies will not be held liable if a security breach occurs.

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Definitions:

Rational Expectations Theory

This is based on three assumptions: (1) that individuals and business firms learn through experience to anticipate the consequences of changes in monetary and fiscal policy; (2) that they act immediately to protect their economic interests; and (3) that all resource and product markets are purely competitive.

Adaptive Expectations Theory

An economic theory that assumes individuals form their expectations about the future based on past experiences and gradually adjust as reality unfolds.

Accelerating Inflation Theory

A theory suggesting that inflation will speed up as demand grows and outpaces supply, leading to a continuous increase in price levels.

Monetarist Point

A viewpoint in economics that emphasizes the role of governments in controlling the amount of money in circulation through monetary policy.