Title XI of the Sarbanes-Oxley Act Focuses On

question 50

Multiple Choice

Title XI of the Sarbanes-Oxley Act focuses on:

• A) corporate social responsibility.
• B) enhanced financial disclosures.
• C) corporate fraud and accountability.
• D) auditor independence.

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Definitions:

Loss

A financial condition where expenses exceed revenues, leading to a negative profit.

Rule of Law

The principle that all individuals, entities, and government are accountable to laws that are publicly promulgated, equally enforced, and independently adjudicated.

Confiscated

Property that has been taken away from its owner by a governmental authority as a penalty or for regulatory reasons.

Transactional Risks

The potential for financial loss that a company faces when engaging in business transactions, especially in foreign markets.