All of the Following Are Requirements of the Sarbanes-Oxley Act

question 159

Multiple Choice

All of the following are requirements of the Sarbanes-Oxley Act (SOX) except:

• A)evaluation and reporting on the effectiveness of internal control over financial reporting by management for all public companies.
• B)evaluation and reporting on the effectiveness of internal control over financial reporting by external auditors only for large public companies.
• C)establishment of an audit committee of independent directors to ensure the company's accounting,internal control,and audit functions are effective.
• D)adoption of a code of ethics covering all employees.

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Definitions:

Dangerous Animals

Animals that pose a threat to human safety due to their behavior, physical capabilities, or potential for transmitting diseases.

Pet Raccoon

Refers to the uncommon practice of keeping a raccoon, a typically wild animal known for its dexterity and intelligence, as a domestic pet.

Accident

An unexpected event, typically one causing damage or harm, that occurs without one's foresight or intent.

Fallacy

An incorrect argument in logic and rhetoric resulting in a lack of validity or soundness.