In Response to Accounting Scandals in 2002, the Federal Government

question 155

Multiple Choice

In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a certain level of expertise with financial information and mandating that chief executive officers personally certify the accuracy of financial statements. What is the name of this legislation?

• A) the Accountant Reliability Act
• B) the 24th amendment to the Constitution
• C) the Kennedy-Lott Act
• D) the Sarbanes-Oxley Act

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Definitions:

Application Fraud

A type of fraud involving the submission of false or misleading information on documents to gain an undeserved benefit.

Human Resources Misconduct

Unethical or improper behavior by HR professionals, including discrimination, privacy breaches, and mishandling of employee relations.

Résumé Diversion

A tactic used to divert attention from certain aspects of a resume by emphasizing more desirable qualifications or experiences.

Application Diversion

A strategy used in recruitment where candidates are redirected to other suitable job openings if they are not a fit for the initial position applied for.