Asked by Conor Keehley on Apr 27, 2024
Verified
Which is not affected by the Sarbanes-Oxley Act of 2002?
A) The auditing function of the firm.
B) The structure of the employee pension plan for non-executives.
C) Executive compensation packages.
D) The ability of the CEO to borrow money from the firm.
Sarbanes-Oxley Act
A United States federal law that set new or enhanced standards for all U.S. public company boards, management, and public accounting firms.
Auditing Function
The process of examining and verifying a company's financial statements and records to ensure accuracy and compliance with accounting standards.
Employee Pension Plan
A retirement savings program sponsored by an employer which provides income to employees after they retire.
- Comprehend the stipulations and consequences of the Sarbanes-Oxley Act.
Verified Answer
Learning Objectives
- Comprehend the stipulations and consequences of the Sarbanes-Oxley Act.
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