$70$ What is the responsibility of the board of directors to promote effective corporate governance?

To ensure corporate officers operate effectively to achieve financial targets.

To ensure corporate officers operate exclusively to meet earnings targets.

To ensure corporate officers operate effectively to increase the company$$s share price.

To ensure corporate officers operate in the exclusive interests of shareholders.

$69$ Which companies are according to the Sarbanes$-$Oxley Act $($SOX$)$ are exempt from filing an independent auditor$$s report on the management$$s statement of internal controls?

Privately held companies

Companies with no publicly traded stock

Small public companies

Private companies

$68-$ What is the required standard of the Sarbanes$-$Oxley act for financial reporting by a company?

The financial statements must fairly represent the audit committee$$s analysis of the financial conditions of the company.

The financial statements must fairly represent, in all material aspects, the financial conditions and results of operations of a company.

The financial statements must represent management's guidance on the financial performance of the company.

The financial statements must represent that analyst projections of the earnings performance of the company.