As a Result of Events Such as the Passing of the Sarbanes-Oxley

question 16

True/False

As a result of events such as the passing of the Sarbanes-Oxley Act of 2002 SOX Act and the Emergency Economic Stabilization Act of 2008 EESA professionals practicing in the traditional areas of tax, audit, management, information systems, government, not-for-profit, external independent, and internal audit are expected to have a greater understanding of fraud and financial forensics.

---

Definitions:

Personal Residence

A dwelling in which an individual lives for a significant part of the year, considered as their main place of residence.

Working Condition Fringes

These are non-taxable benefits provided by an employer for the benefit of the employee, related directly to the nature of the job.

Professional Organization Dues

Membership fees paid to belong to an organization related to one's professional field, which may be tax-deductible.

Employer-provided Vehicle

An employer-provided vehicle is a car or other vehicle that a company provides to its employees for their use, often as part of their compensation or benefits package.