Which of the Following Statements About the Sarbanes-Oxley Act Is

question 27

Multiple Choice

Which of the following statements about the Sarbanes-Oxley Act is incorrect?

• A) The act was passed in 1996.
• B) Because the act is complex, compliance is more expensive and time consuming for corporate management.
• C) Because of the act, the SEC was required to establish a federal oversight board.
• D) Because of the act, a corporation's chief executive and financial officers must certify financial reports.
• E) The act strengthened the penalty for destroying financial documents related to an audit.

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Definitions:

Psychological Sex Differences

Differences in the psychology of males and females, often influenced by biological, environmental, and social factors.

Social Roles

Expected behaviors, obligations, and rights associated with a particular social status or identity within society.

Androgen-Insensitive Males

Individuals who are genetically male (XY) but whose bodies are unable to respond to androgen hormones, leading to female or ambiguous physical traits.

Androgen Receptors

Proteins within cells that bind to androgens (male hormones), which play crucial roles in the development and maintenance of male characteristics.