The Sarbanes-Oxley Act Ensures a More Transparent Process for Managers

question 63

True/False

The Sarbanes-Oxley Act ensures a more transparent process for managers to report on the productivity and financial condition of their firm.

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Definitions:

Duty Of Care

A legal obligation imposed on individuals or organizations to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.

Breaching

The behavior of violating or not adhering to a law, contract, or set of rules.

Delegate Tasks

The act of assigning responsibilities or duties to another individual or team.

Committees Of Directors

Groups formed by members of a company's board of directors that focus on specific areas of governance, such as audit, finance, or compensation.