The Sarbanes-Oxley Act (SOX)requirements include:
I.An audit committee made up of independent directors
II.A separation of audit and consulting functions
III.A certification of financial statements by the CEO and CFO
A)I and II only
B)I and III only
C)III only
D)I, II, and III

Question

Quizplus · Accepted Answer

All three options are requirements under the Sarbanes-Oxley Act. SOX created a number of regulations to improve transparency and increase corporate accountability after a series of high-profile corporate scandals in the early 2000s. These three requirements are some of the key provisions of the law. The audit committee made up of independent directors helps to ensure that auditors are objective and unbiased when conducting audits of the company's financial statements. The separation of audit and consulting functions helps to prevent conflicts of interest that could lead to inaccurate financial reporting. And the certification of financial statements by the CEO and CFO sends a strong message that top company officials take financial reporting seriously and are willing to be held accountable for any inaccuracies.

The Sarbanes-Oxley Act (SOX)requirements Include