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:

Time Periods

Segments or intervals into which time is divided for the purpose of analysis, observation, or measurement.

Smoothing Constant

A parameter used in exponential smoothing models to apply different weights to past observations, influencing how smooth the resulting time series will be.

Exponentially Smoothed

A technique used in time series analysis to smooth data points by assigning exponentially decreasing weights over time.

Four-period Centered Moving Averages

A technique used to smooth out data series to identify the underlying trend, calculated by averaging each set of four consecutive data points.