Which of the Following Is NOT One of the Ways

question 32

Multiple Choice

Which of the following is NOT one of the ways that the Sarbanes-Oxley Act sought to improve the accuracy of information given to both boards and shareholders?

• A) by increasing the penalties to firms for providing false information
• B) by increasing the independence of auditors and clients
• C) by decreasing the non-audit fees that an auditor can receive from a client
• D) by forcing companies to audit financial statements they release

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Definitions:

Neurosis

A class of functional mental disorders involving chronic distress but neither delusions nor hallucinations.

Depersonalization

A psychological condition wherein individuals feel detached from themselves and their surroundings, as if they are observing their life from an external viewpoint.

Derealization

A mental state where the outside world feels unreal or distant, often accompanying dissociative disorders.

Dissociative Amnesia

A psychological disorder characterized by memory loss that can't be explained by normal forgetfulness, often triggered by trauma or stress.