While the Sarbanes-Oxley Act (SOX)contains Many Provisions,the Overall Intent of the Legislation

question 4

Multiple Choice

While the Sarbanes-Oxley Act (SOX) contains many provisions,the overall intent of the legislation was to improve the accuracy of information given to both boards and to shareholders.SOX attempted to achieve this goal in all of the following ways except?

• A)Overhauling incentives and independence in the auditing process
• B)Mandating the separation of the positions of CEO and Chairman of the Board
• C)Stiffening penalties for providing false information
• D)Forcing companies to validate their internal financial control processes

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Definitions:

Chopped Onions

Onions that have been cut into small pieces, commonly used as a cooking ingredient.

Servings

Quantified amounts of food or drink, as recommended by nutrition guidelines or determined by individual packaging.

Mixed Numbers

A number consisting of an integer and a fraction part, such as 3 1/2.

Improper Fractions

Fractions where the numerator (top number) is larger than or equal to the denominator (bottom number), meaning the fraction is equal to or greater than 1.