While the Sarbanes-Oxley Act (SOX)contains Many Provisions,the Overall Intent of the Legislation

question 15

Multiple Choice

While the Sarbanes-Oxley Act (SOX) contains many provisions,the overall intent of the legislation was to improve the accuracy of information given to both boards and to shareholders.SOX attempted to achieve this goal in all of the following ways,EXCEPT:

• A)overhauling incentives and independence in the auditing process.
• B)mandating the separation of the positions of CEO and Chairman of the Board.
• C)stiffening penalties for providing false information.
• D)forcing companies to validate their internal financial control processes.

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Definitions:

Restrictive Clause

A clause that defines or limits the meaning of the noun it modifies and is essential to the meaning of a sentence.

Reference

This term describes the act of mentioning or alluding to something, or the relationship between expressions and entities in the world.

Restrictive

Limiting or controlling access, movement, or growth, often through rules, conditions, or physical barriers.

Nonrestrictive

Describes an element in a sentence, usually a clause or phrase, that provides additional information without limiting or defining the element it modifies.