The regulatory provisions under the Sarbanes-Oxley Act include: Group of answer choices Allowing board of directors to be comprised of only company insider with no presence of "independent" (outsider) directors. Imposing severe civil and criminal penalties for executives and auditors who failed to detect misleading or fraudulent statements in the companys financial statements. Discretionary (that is, rather than mandatory) adoption of an internal control mechanism designed to detect frauds or irregular