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Which of the following statements is not true regarding the Sarbanes-Oxley Act (SOX) of 2002? A The Act calls for increased oversight responsibilities for boards

Which of the following statements is not true regarding the Sarbanes-Oxley Act (SOX) of 2002?

A The Act calls for increased oversight responsibilities for boards of directors.

B The Act has resulted in increased penalties for financial fraud by top management.

C The Act calls for decreased independence of outside auditors reviewing corporate financial statements.

D The Act is meant to decrease the likelihood of unethical corporate behavior.

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