Which of the Following Is NOT a Requirement of the Sarbanes-Oxley

question 18

Multiple Choice

Which of the following is NOT a requirement of the Sarbanes-Oxley Act:

• A) No loans by company to directors
• B) The use of checklists
• C) Audit partner rotation every 5 years
• D) The disclosure of whether there is a code of ethics for senior financial officers

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Definitions:

U.S. Law

The system of laws and legal norms that govern and regulate the social, economic, and political behaviours within the United States of America.

EIN

An Employer Identification Number (EIN) is a unique identification number that is assigned to a business entity so that it can easily be identified by the IRS.

Hiring Employees

The process of recruiting, evaluating, and selecting individuals to fill job vacancies within an organization.

Patent

A form of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a certain number of years.