Which of the Following Is Not a Provision of (Nor

question 20

Multiple Choice

Which of the following is not a provision of (nor an outgrowth of) the Sarbanes-Oxley Act?

• A) A public company's annual report must contain a separate disclosure that assesses the company's internal controls.
• B) Management is essentially responsible for establishing and maintaining internal controls.
• C) A company's Chief Executive Officer (CEO) and Chief Financial Officer (CFO) can be held criminally responsible if their firm's financial statements are fraudulent.
• D) A company must prepare a balance sheet, an income statement, a statement of stockholders' equity, and a statement of cash flows.
• E) A new body, the Public Company Accounting Oversight Board, oversees and investigates the audits and auditors of public companies.

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Definitions:

MMPI

Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology used to diagnose and treat mental health disorders.

Clinical Assessment

The process of diagnosing and understanding individual differences in psychology through tests, interviews, and other evaluation tools.

DSM-I

The first edition of the Diagnostic and Statistical Manual of Mental Disorders, published in 1952, starting the standardization of psychiatric diagnostic categories.

World Health Organization

A specialized agency of the United Nations responsible for international public health.