Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Identify the statement that accurately describes the Sarbanes-Oxley Act. ? A) It requires business to have only company insiders as board directors. B) Complying with

Identify the statement that accurately describes the Sarbanes-Oxley Act. ?

A) It requires business to have only company insiders as board directors. 

B) Complying with the act saves time and money, but deteriorates efficiency.

C) Unlike other Acts, its violations do not result in fines or prosecutions.

D) It was passed to promote business ethics by creating legal requirements.

Step by Step Solution

3.33 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

SarbanesOxley Act was passed in 2002 to protect investors from the chances of fraudulen... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Economics questions

Question

write a note on Moll Cutpurse Life?

Answered: 1 week ago

Question

What is the formula used for computing BIC?

Answered: 1 week ago