Which of the Following Is NOT a Feature of the Sarbanes-Oxley

question 74

Multiple Choice

Which of the following is NOT a feature of the Sarbanes-Oxley Act?

• A) The company and auditors must annually assess the effectiveness of financial controls.
• B) The company must maintain effective internal financial controls.
• C) The CEO and CFO must attest to the fairness of the financial reports.
• D) All of the above are features of the Sarbanes-Oxley Act.

---

Definitions:

Goal Setting

Goal setting involves defining specific, measurable objectives that a person or organization aims to achieve within a time frame.

Nonmonetary Information

Qualitative or information that cannot be easily quantified or expressed in monetary terms.

Financial Accounting

The field of accounting that focuses on the summary, analysis, and reporting of financial transactions related to a business.

Managerial Accounting

Managerial accounting is the practice of analyzing, interpreting, and communicating financial information to managers for the purpose of making informed business decisions.