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:

Value Diversity

The appreciation and inclusion of varying cultural, racial, gender, and socioeconomic backgrounds within a group or organization.

Mainstream

The dominant trends, values, or practices within a society, culture, or professional field.

Competitive Advantages

Unique attributes or conditions that allow an organization or country to produce goods or services more efficiently or at a better quality than competitors.

Diverse Workforce

An inclusive representation of individuals in an organization, encompassing a variety of cultural, racial, gender, age, and other differences.