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:

Bailee

The individual or party who temporarily receives possession, but not ownership, of personal property from another under a bailment agreement.

Dispose

To get rid of something, especially by throwing it away, selling it, or transferring it to someone else.

Legal Rights

Privileges or entitlements conferred upon individuals by law.

Property

Items or assets owned by individuals or entities, including real estate, personal belongings, and intellectual rights, which have value and can be protected by law.