Sarbanes-Oxley Act of 2002 May Lead To

question 67

Multiple Choice

Sarbanes-Oxley Act of 2002 may lead to:

• A) convergence of GAAP and IFRS
• B) continuous or real-time reporting
• C) Worldwide acceptance of XBRL
• D) obscuring of the economic reality of business events

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Definitions:

Psychoanalytic Approach

A psychological theory or method which emphasizes unconscious processes and childhood experiences in explaining the human mind and behaviors.

Developmental

Pertaining to the process of growth and change that occurs in human beings or animals over their lifespan.

Unresolved Conflicts

Issues or disputes that have not been resolved, often leading to continued stress or psychological tension.

Dissociative Fugue

A rare psychological state in which a person loses awareness of their identity or other important autobiographical information and may suddenly travel away from their home.