Which One of the Following Is a Key Requirement of the Sarbanes-Oxley

question 56

Multiple Choice

Which one of the following is a key requirement of the Sarbanes-Oxley Act?

• A)Officers of the corporation must now own at least five percent of the firm's stock.
• B)Officers of the corporation must review and sign the annual reports.
• C)Annual reports must list the strengths of the internal controls.
• D)Firms must "go dark" every 5 years.
• E)Monthly financial statements must be provided to all shareholders.

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Definitions:

Biological Female

An individual whose sex assigned at birth is female, based on biological characteristics such as chromosomes, hormones, and reproductive anatomy.

Sex Differences

Variations in characteristics, behaviors, or physiological processes between males and females, often determined by biological factors.

Gender

Roles and behaviors attributed to one gender or another such as cognitive abilities, sexual behavior, hair length, clothing, and job preferences.

Personality

An individual's characteristic pattern of thinking, feeling, and acting that distinguishes them from others.