The Sarbanes-Oxley Act (SOX)________

question 134

Multiple Choice

The Sarbanes-Oxley Act (SOX) ________.

• A) requires independent accountants to take responsibility for the accuracy and completeness of the financial reports
• B) created the SEC
• C) ensures that financial scandals will no longer occur
• D) requires companies to take responsibility for the accuracy and completeness of their financial reports

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Definitions:

Government

The organization, or system of governance, that exercises authority and performs the functions of governing a political state or community.

Market Price

The present cost at which a service or asset is available for purchase or sale.

Government Allow

Governmental permissions or grants that enable individuals or entities to legally perform activities or exploit resources.

Shortage Of Coffee

A situation where the demand for coffee exceeds its supply, leading to a decrease in available coffee stocks.