How Does SOX Hope to Prevent Financial Statement Fraud

question 10

Multiple Choice

How does SOX hope to prevent financial statement fraud?

• A) Through hard penalties for management.
• B) By having management sign the financial statements.
• C) By prompting strong oversight and governance within the business.
• D) All of the above.

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Definitions:

Developmental Milestones

Specific skills or abilities that most children can do by a certain age, used to track physical, mental, emotional, or social development.

Sequence

A specific order in which related events, movements, or things follow each other.

Neural Networks

Computing systems vaguely modeled on the biological neural networks of the human brain, capable of machine learning and pattern recognition.

Cortical Areas

Regions within the cerebral cortex, each associated with specific functions, such as sensory processing, motor control, and cognitive tasks.