The Sarbanes-Oxley Act Has All but Which of the Following

question 13

Multiple Choice

The Sarbanes-Oxley Act has all but which of the following provisions?

• A) Creating a five-person Accounting Oversight Board with authority to review and discipline auditors.
• B) Creating severe civil and criminal penalties for enterprises that engage in the commission of two or more predicate acts within a period of ten years.
• C) Increasing the penalties for existing federal crimes and creating new criminal offenses.
• D) Adding new financial disclosure requirements.

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Definitions:

Process Re-engineering

Process re-engineering involves analyzing and redesigning workflow and processes within and between organizations to optimize performance and reduce costs.

Work Processes

The series of tasks, activities, or operations involved in the completion of a job or the production of goods and services within a workplace.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental improvements over time.

Current Performance

An assessment or measurement of ongoing activities or results within a given period, indicating the present state of an organization or individual's achievements.