Which of the Following Does Sarbanes-Oxley NOT Require Management to Do

question 101

Multiple Choice

Which of the following does Sarbanes-Oxley NOT require management to do?

• A) Develop and enforce an officer code of ethics
• B) Make loans to executive officers and directors
• C) Prepare a statement to accompany the audit report
• D) Support a much stronger board and audit committee in each public company

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Definitions:

Managerial Accounting Report

A document that provides detailed financial information intended to help managers in decision-making processes.

Operating Costs

Expenses associated with running a business's core activities, excluding the cost of goods sold.

Planning

A phase of the management process whereby objectives are outlined and courses of action determined.

Managerial Accounting

The process of identifying, measuring, analyzing, and communicating financial information to managers for the purpose of achieving organizational goals.