Which of the Following Are Key Requirements of the Sarbanes-Oxley

question 58

Multiple Choice

Which of the following are key requirements of the Sarbanes-Oxley Act?
I. Officers of the corporation must review and sign annual reports.
II. Officers of the corporation must now own more than 5% of the firm's stock.
III. Annual reports must list deficiencies in internal controls.
IV. Annual reports must be filed with the SEC within 30 days of year end.

• A) I only.
• B) II only.
• C) I and III only.
• D) II and III only.
• E) II and IV only.

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Definitions:

Trait Approach

A perspective in leadership research that focuses on identifying specific qualities, characteristics, and attributes that distinguish effective leaders from others.

Researchers

Individuals who systematically investigate and study materials, sources, or phenomena using scientific methods to establish facts and reach new conclusions.

Immediate Result

The direct and swift outcomes that follow a specific action or decision without delay.

Delayed Effect

A situation where the impact or result of an action, event, or decision is not immediately apparent, but becomes evident later on.