The Sarbanes-Oxley Act,passed After the Fall of Enron and Arthur

question 94

Multiple Choice

The Sarbanes-Oxley Act,passed after the fall of Enron and Arthur Andersen,requires accounting firms to separate the auditing function from the consulting function.This example illustrates

• A) organizational complexity.
• B) how changing conditions are influenced by innovation.
• C) why control is necessary to reduce the accumulation of errors.
• D) how control helps organizations respond to changing standards.
• E) All of these choices

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Definitions:

Charter Of Rights And Freedoms

A foundational document in Canada that guarantees fundamental rights and freedoms to Canadians, part of the Constitution.

Statutes

Written laws passed by a body of legislature.

Equity

The concept of fairness and justice in the way people are treated or decisions are made, often related to legal or financial contexts.

Human Rights Legislation

Laws enacted to protect and promote the basic rights and freedoms of individuals, often including protections against discrimination and rights to freedom of speech and assembly.