The SOX Grew Out of Which of the Following Situations

question 5

Multiple Choice

The SOX grew out of which of the following situations?

• A) FASB Statements being too overbearing.
• B) GAAP becoming outdated.
• C) The SEC and accounting professionals agreeing to more restrictive rules after each major accounting scandal.
• D) Citizens forcing Congress to make more laws regulating the accounting industry.

---

Definitions:

Chart Data

The numerical or categorical information that is visualized through a chart to represent patterns, trends, or relationships.

Horizontally

In a direction or alignment from left to right or right to left, parallel to the horizon.

Vertically

In a direction or way that is perpendicular to the horizon; from top to bottom or bottom to top.

Insert Table

A function in software applications that allows users to add a table into a document, spreadsheet, or presentation to organize and present data systematically.