Clawback Provisions Under Dodd-Frank Differ from Those Under SOX Because

question 38

Multiple Choice

Clawback provisions under Dodd-Frank differ from those under SOX because:

• A) Dodd-Frank requirement extends to current or former executive officers versus CEO only under SOX.
• B) Dodd-Frank is a three-year period versus the one-year period under SOX.
• C) Dodd-Frank applies to any restatement as a result of material noncompliance with financial reporting requirements versus restatements caused by fraud or misconduct under SOX.
• D) All of these

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Definitions:

Promoter

A region of DNA that initiates transcription of a particular gene, controlling gene expression.

Gene

A unit of heredity made up of DNA, located on chromosomes, that encodes information necessary to build and maintain an organism's cells and pass traits to offspring.

DNA Nucleotide Sequence

The arrangement of nucleotides (adenine, thymine, cytosine, and guanine) in a strand of DNA, determining genetic information.

Posttranscriptional Processing

The series of modifications that RNA transcripts undergo after transcription, including splicing, editing, and polyadenylation.