Which of the Following Created an Independent Board That Oversees

question 13

Multiple Choice

Which of the following created an independent board that oversees the audits of public companies?

• A)Sarbanes-Oxley Act
• B)Dodd-Frank Act
• C)Securities Act of 1933
• D)Securities Exchange Act of 1934

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Definitions:

Corporation Not Bound

Indicates a scenario where a corporate entity is not legally obligated or tied to an agreement or contract.

Pre-Incorporation

Activities and agreements that occur before the formal legal establishment of a company.

Employment Contract

A legally binding agreement between an employer and an employee that outlines the terms and conditions of employment.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.