Answer each question: True or False

1. SOX requires that outside auditors be retained by the audit committee of the board of directors.
2. Dodd-Frank requires shareholders to vote on compensation every year.
3. Dodd-Frank was passed in response to the scandals at Enron and WorldCom.
4. Dodd-Frank prohibits companies from using minerals in their products if those minerals are financing conflict in the Democratic Republic of the Congo.