Which of the Following Is a New Requirement Imposed by the SOX

question 151

Multiple Choice

Which of the following is a new requirement imposed by the SOX Act?

• A)The CFO must be part of the audit committee.
• B)The external auditors have stronger rules regarding auditor independence.
• C)Management is required to have a representative on the board of directors.
• D)Public companies must have at least one representative of the external auditors as a member of its board of directors.

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Definitions:

Transportation Costs

Expenses associated with the movement of goods or individuals from one location to another, including fares, fuel, and maintenance.

Recreation Costs

Expenses associated with activities undertaken for enjoyment, relaxation, or leisure.

Collaborative Writing

The act of multiple individuals working together to produce a single document or piece of text.

Specialized Knowledge

Specialized knowledge is expertise or understanding specific to a particular field or area of study, often requiring advanced education or experience to acquire.