The Sarbanes-Oxley Act of 2002 Dramatically Changed the Daily Work

question 36

Multiple Choice

The Sarbanes-Oxley Act of 2002 dramatically changed the daily work of financial accountants and auditors because it

• A) expanded the scope of the audit beyond financial information
• B) required that organizations work with their auditors to design systems of internal control
• C) required that external auditors report on the effectiveness of an organizations system of internal control
• D) expanded the opportunities for auditors to engage in consulting activities with their audit clients

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Definitions:

Interests Outside

Activities or hobbies an individual engages in beyond their professional life or main areas of study.

Resilience

The capacity to recover quickly from difficulties; toughness or the ability to bounce back from adversity.

Realistic Expectations

Refers to setting goals or targets that are achievable and grounded in reality, taking into account current resources, limitations, and circumstances.

Job Satisfaction

The level of contentment employees feel with their job, which can affect productivity and turnover rates.