Which of the Following Was Not a Change Introduced by the Sarbanes-Oxley

question 118

Multiple Choice

Which of the following was not a change introduced by the Sarbanes-Oxley Act?

• A)Limits on executive compensation for most companies.
• B)Stiffer fines and maximum jail sentences for willful misrepresentation of financial results.
• C)An external audit of the effectiveness of internal controls.
• D)Anonymous tip lines and legal protection to whistle-blowers.

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Definitions:

Expected Percentage Change

An estimation of the degree to which a specific variable such as price, cost, or investment value is anticipated to vary over a certain period.

Interest Rates

The percentage of a loan that is applied as interest for the borrower, usually shown as an annual percentage of the remaining loan amount.

Uncovered Interest Parity

A theory in economics that posits the difference in interest rates across two countries will match the anticipated shift in exchange rates between their currencies.

Interest Rate Parity

A theory stating that the difference between the interest rates of two countries is equal to the differential between the forward exchange rate and the spot exchange rate of their currencies.