Which of the Following Is One of the Ways That

question 52

Multiple Choice

Which of the following is one of the ways that the Sarbanes-Oxley Act sought to improve the accuracy of information given to both boards and shareholders?

• A)by reducing the penalties to firms for providing false information
• B)by increasing the independence of auditors and clients
• C)by increasing the non-audit fees that an auditor can receive from a client
• D)by forcing CEOs and CFOs to certify the accuracy of their firm's financial statements
• E)by removing the requirement that firms include outside directors on audit committees

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Definitions:

Supreme Court of the United States

The highest federal court in the United States, consisting of nine justices who interpret the Constitution and adjudicate cases of national significance.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Economic Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Demand Stimulation

A set of measures aimed at increasing consumer desire and ability to purchase goods and services.