Which of the Following Statement Is True of the Sarbanes-Oxley

question 14

Multiple Choice

Which of the following statement is true of the Sarbanes-Oxley Act of 2002?

• A)It requires foreign accounting firms to register with the Public Company Accounting Oversight Board if they audit public companies.
• B)The act reduces criminal penalties for securities fraud.
• C)Its registration and reporting provisions apply only to U.S.companies listed on U.S.securities exchanges.
• D)Section 106 of the act deals expressly with national accounting firms.

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Definitions:

Logical Incrementalism

A strategy-making process that involves making decisions step-by-step based on logic and orderly sequencing.

General Acceptance

General acceptance pertains to the widespread approval or agreement by a majority within a particular group or society.

Organizational Change

Change that a group of people must learn to accept and implement.

Technology Barrier

Obstacles that hinder the adoption, implementation, or effective use of technologies, possibly due to economic, social, or practical reasons.