Which of the Following Is a Component of the Sarbanes-Oxley

question 32

Multiple Choice

Which of the following is a component of the Sarbanes-Oxley Act?

• A) Whistleblowers received greater protection from retaliation
• B) New penalties for boards of directors if inaccurate or fraudulent financial reporting is found
• C) A new public agency that oversees, regulates and inspects accounting firms was founded
• D) All of the responses are correct

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Definitions:

Bill of Sale

A written document that transfers ownership of an asset from a seller to a buyer.

Indorsed Title Certificate

A title certificate that has been legally transferred to another party through the process of endorsement, indicating ownership.

Deliver

The act of transferring an item from one party to another, with the intent of giving control or ownership of the item.

Bailment

A legal relationship in common law where physical possession of personal property is transferred from one person (the bailor) to another (the bailee) who temporarily holds it under an agreement.