Which of the Following Are Key Requirements of the Sarbanes-Oxley

question 58

Multiple Choice

Which of the following are key requirements of the Sarbanes-Oxley Act?
I. Officers of the corporation must review and sign annual reports.
II. Officers of the corporation must now own more than 5% of the firm's stock.
III. Annual reports must list deficiencies in internal controls.
IV. Annual reports must be filed with the SEC within 30 days of year end.

• A) I only.
• B) II only.
• C) I and III only.
• D) II and III only.
• E) II and IV only.

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Definitions:

Medicare

A federal health insurance program in the United States for people who are 65 or older, as well as for some younger people with disabilities or specific diseases.

Young Americans For Freedom

A conservative youth organization in the United States, founded in 1960 to advocate for free market economics, limited government, and national defense.

Conservatives

Individuals or groups favoring traditional values, resistance to change, and the maintenance of established social norms and institutions.

Republicans

A political party in the United States advocating for conservative policies, including limited government, free-market capitalism, and traditional social values.