Best Friends,Incorporated is a publicly traded company where three BFF's (best friends forever)serve as its key officers.This situation
A)violates the Sarbanes-Oxley Act.
B)violates the Securities and Exchange Act.
C)increases the risk associated with an audit.
D)All of the above.

Question

Quizplus · Accepted Answer

Having three best friends serve as key officers in a publicly traded company does not violate any specific provisions of the Sarbanes-Oxley Act or the Securities and Exchange Act directly. However, it does increase the risk associated with an audit due to potential issues with internal controls, such as segregation of duties and the risk of collusion.

Best Friends,Incorporated Is a Publicly Traded Company Where Three BFF's