Which of the Following Is Not a Compliance Rule Resulting

question 67

Multiple Choice

Which of the following is not a compliance rule resulting from the Sarbanes-Oxley Act?

• A) A substantial majority of directors must be independent.
• B) Personal loans to executives from corporations are prohibited.
• C) Brokers must disclose if the public company is a client.
• D) Auditors must list nonaudit services they are unable to perform during an audit.

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Definitions:

Art Appreciation

The understanding, recognition, and enjoyment of the qualities of different art forms, leading to a deeper comprehension of artistic expressions.

Confucius and Plato

Key figures in Eastern and Western philosophy respectively, whose teachings and philosophies have deeply influenced the cultural and intellectual development of their respective civilizations.

Job Knowledge

The understanding and expertise a person has regarding the tasks, processes, and responsibilities of a specific job.

People-Building Skills

The ability to teach, counsel, and otherwise develop others to higher levels of performance; a quality of leadership desired by followers. Developing others is a leadership function viewed by many leaders as the most rewarding of their tasks.