One implication of the Sarbanes-Oxley Act is that companies must appoint independent "financial experts" to their committees.Which of the major components is associated with this objective?

Question

Quizplus · Accepted Answer

The requirement for independent financial experts to be appointed to committees is associated with the audit committee component of the Sarbanes-Oxley Act. The audit committee is responsible for overseeing the company's financial reporting and internal controls, and ensuring that an independent audit is conducted. By requiring the appointment of financial experts to the committee, the Act aims to enhance the quality and credibility of financial reporting.

One Implication of the Sarbanes-Oxley Act Is That Companies Must