Which of the Following Statements Is True of the Sarbanes-Oxley

question 21

Multiple Choice

Which of the following statements is true of the Sarbanes-Oxley Act?

• A)It is also known as the Financial Services Modernization Act of 2002.
• B)It is enforced by the Financial Accounting Standards Board.
• C)It was passed by Congress because corporate boards failed to police themselves.
• D)It fails to provide oversight in terms of direct lines of accountability and responsibility.

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Definitions:

Anal Canal

Terminal portion of the digestive tract.

Internal Sphincter

A ring of muscle that surrounds and closes a natural bodily passageway, functioning involuntarily.

External Sphincter

A circular muscle that helps control the expulsion of feces from the anal canal or urine from the bladder.

Large Intestine

A part of the digestive system responsible for absorbing water and electrolytes, forming and storing feces.