All of the Following Statements Are False About the Sarbanes-Oxley

question 67

Multiple Choice

All of the following statements are false about the Sarbanes-Oxley Act except

• A) it does not apply to publicly traded companies.
• B) it shields chief executives from criminal penalties.
• C) it prevents the SEC from drawing up certain rules.
• D) its primary goal is to regulate financial reporting and the accounting profession.

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Definitions:

Job Evaluation

A systematic process for assessing the relative value of jobs within an organization to establish a fair and equitable pay structure.

Job Description

A formal account of an employee's responsibilities, duties, and the scope of a job, often used in the recruitment and evaluation process.

Job Evaluation

The systematic process of determining a job's relative worth within an organization to inform compensation decisions.

Job Evaluation Process

A systematic approach to determining the relative worth of jobs within an organization to establish fair pay and grading levels.