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Which of the following is not a provision of the Sarbanes-Oxley Act? Multiple Choice Executives can avoid penalties for fraud by declaring personal bankruptcy. Public

Which of the following is not a provision of the Sarbanes-Oxley Act?

Multiple Choice

  • Executives can avoid penalties for fraud by declaring personal bankruptcy.

  • Public companies must adopt a code of ethics for senior financial officers.

  • Stiffer penalties for fraud in terms of monetary fines and jail time decrease the incentive to commit fraud.

  • Management must issue a report that indicates whether internal controls are effective at preventing errors and fraud.

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