All of the Following Statements Are True About the Sarbanes-Oxley

question 100

Multiple Choice

All of the following statements are true about the Sarbanes-Oxley Act except

• A)it applies to publicly traded companies.
• B)it shields chief executives from criminal penalties.
• C)it orders the SEC to draw up certain rules.
• D)its primary goal is to regulate financial reporting and the accounting profession.

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Definitions:

Oliver Wendell Holmes

An influential American Supreme Court Justice known for his wit and legal wisdom, serving from 1902 to 1932.

Louis Brandeis

An American lawyer and Associate Justice on the Supreme Court of the United States (1916–1939), known for his advocacy of privacy, free speech, and limiting the power of large corporations.

Schenck v. United States

A landmark Supreme Court case in 1919 that upheld the Espionage Act of 1917 and concluded that speech creating a "clear and present danger" is not protected under the First Amendment.

Anti-Draft Leaflets

Pamphlets or flyers distributed to oppose or criticize conscription policies.