Which of the Following Was Not a Result of the Sarbanes-Oxley

question 38

Multiple Choice

Which of the following was not a result of the Sarbanes-Oxley Act?

• A)The COO assumes financial statement responsibility.
• B)There are new requirements for CPA firms.
• C)There are stiffer consequences for white-collar crimes.
• D)Audit committees must be independent.

---

Definitions:

Encourage Creativity

Refers to stimulating innovation and new ideas among individuals or teams, often a goal in educational and workplace settings to foster problem-solving and innovation.

Employee Involvement

The level of participation and engagement that employees have in their work and the decision-making processes within their organization.

Effective Decisions

Decisions that successfully meet the intended objectives or solve the related problems, often characterized by a rational process of evaluation and a clear understanding of consequences.

Senior Management

High-level executives responsible for the overall strategy and direction of an organization or company.