Ask Question
6 May, 05:18

Which one of the following is an unintended result of the Sarbanes-Oxley Act? Multiple Choice More detailed and accurate financial reporting Increased management awareness of internal controls Corporations delisting from major exchanges Increased responsibility for corporate officers Identification of internal control weaknesses

+2
Answers (1)
  1. 6 May, 08:55
    0
    Increased responsibility for corporate officers

    Explanation:

    A review of eight thousand public companies, on the study of the impact of the Sarbanes-Oxley Act (SOX) of 2002 revealed that SOX increased directors' workload and risk, and increased demand by mandating that firms have more outside directors.

    It was also revealed that both broad-based changes and cross-sectional changes (by firm size) occurred because Board committees meet more often post-SOX and Director and Officer insurance premiums have doubled.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which one of the following is an unintended result of the Sarbanes-Oxley Act? Multiple Choice More detailed and accurate financial ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers