The Major Provisions of the Sarbanes-Oxley Act of 2002 Include

question 83

Multiple Choice

The major provisions of the Sarbanes-Oxley Act of 2002 include all of the following except:

• A) The creation of a new agency to oversee the public accounting profession.
• B) Restrictions on the types of consulting services that accounting firms can provide to audit clients.
• C) Reducing responsibility for audit committees when overseeing the financial reporting process.
• D) Requiring the chief executive office and the chief financial officer to certify the accuracy of their company's financial statements.

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Definitions:

Crises

Significant and often sudden adverse events that can disrupt an organization or society, requiring urgent and effective responses.

Resistance

Overt or covert failure by organizational members to support a change effort.

Fundamental Aspect

A core or essential part of something that is crucial to its nature or function.

Organizational Change

The process through which a company or organization changes its structure, strategies, operational methods, or culture.