The SEC drafted report required by Sarbanes-Oxley used which of the following terms to refer to a principles-based approach to standards?

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The SEC drafted report required by Sarbanes-Oxley used the term "objective-oriented standards" to refer to a principles-based approach to standards. This approach sets out broad principles that companies are expected to adhere to, leaving room for interpretation and flexibility in implementation. It is contrasted with rule-oriented standards (option B) which provide specific, prescriptive rules that companies must follow, and bright-line standards (option A) which are clear and unambiguous rules that leave no room for interpretation. "Systematic and rational standards" (option D) is not a commonly used term to describe principles-based or rules-based standards.

The SEC Drafted Report Required by Sarbanes-Oxley Used Which of the Following