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The SEC Independence Rules Issued in 2000 and the Sarbanes-Oxley

question 18

Essay

The SEC independence rules issued in 2000 and the Sarbanes-Oxley Act independence rules from 2002 prohibit a number of other relationships and services for public companies registered with the SEC. Describe three examples of these types of relationships and services.


Definitions:

Civil Penalties

Financial charges, fines, or penalties imposed by governmental agencies as punishment for violating certain laws or regulations, not constituting criminal punishment.

Unauthorized Worker

An individual who is employed without the legal right to work in the jurisdiction or under conditions that violate employment laws.

Hiring of Foreign Workers

The process of employing individuals from countries other than the one where the business operates, often involving specific legal and regulatory considerations.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in the workplace or educational settings.

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