Key Features of SOX Include All of the Following Except

question 41

Multiple Choice

Key features of SOX include all of the following except ________.

• A)increased penalties for corporate wrongdoers
• B)more timely and extensive financial disclosures
• C)fewer options of recourse for aggrieved shareholders
• D)increased oversight of auditors

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Definitions:

Controlling Interest

Ownership of a sufficient portion of a company's stock to influence or control its management and operations.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue.

Significant Influence

Significant influence refers to the capacity of an individual or entity to affect the financial and operating policies of another entity without having full control.

Significant Influence

Significant influence refers to the power to participate in the financial and operating policy decisions of an investee without having full control or joint control.