Which of the Following Is Not a Major Provision in the Sarbanes-Oxley

question 20

Multiple Choice

Which of the following is not a major provision in the Sarbanes-Oxley Act of 2002?

• A) Creating an independent regulatory framework for the accounting profession.
• B) Enhancing the quality and transparency of financial reports.
• C) Revising the process of establishing new financial accounting standards.
• D) Establishing new protections for corporate whistleblowers.

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Definitions:

Voting Common Stock

Shares that give the shareholder the right to vote on corporate matters such as the election of the board of directors.

Less Than 100%

A phrase often used to indicate a partial interest or ownership in an entity, asset, or venture that does not constitute a total or whole interest.

Amortization Schedule

A table detailing each periodic payment on a loan (often a mortgage), distinguishing how much is interest versus principal reduction.

Goodwill Allocation

The process of assigning the value of goodwill, an intangible asset, to different business units within a company.