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:

Community Relations

The practice of maintaining and fostering a positive relationship between an organization and the communities it operates within.

PR Professional

An individual specializing in public relations, responsible for managing and guiding the public image of organizations or individuals.

Surrounding Community

The population living in the vicinity of a business or organization, which can be affected by its operations and decisions.

Immersed

Fully engaged or deeply involved in a particular activity or environment.