The Passage of the Sarbanes Oxley Act

question 95

Multiple Choice

The passage of the Sarbanes Oxley Act

• A) made documentation skills even more important.
• B) requires public companies to prepare an annual internal control report.
• C) mandates that auditors must be able to prepare, evaluate and read documentation tools such as flowcharts.
• D) all of the above

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Definitions:

Double-Loop Learning

A learning process where, in addition to making adjustments based on errors, underlying policies and objectives are also questioned and potentially altered.

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge to improve its performance and adapt to the environment.

Point of View

A particular attitude or way of considering a matter, influencing how situations, facts, and events are interpreted.

Imperial Presidency

describes a U.S. presidency that operates without effective checks and balances from the other branches of government, typically seen during periods of war or national emergency, leading to an expansion of executive power.