The Sarbanes-Oxley Act (SOX) does not establish:
A) the requirement of an internal control assessment by management.
B) protection for 'whistle-blowers.'
C) the requirement of an internal control report by the independent auditor.
D) less oversight by directors.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act actually increases oversight by directors through the requirement of an independent audit committee made up of outside directors with financial expertise. Therefore, choice D is incorrect as it contradicts the actual effect of the legislation. Choices A, B, and C are all established requirements under SOX, making them correct choices.

The Sarbanes-Oxley Act (SOX) Does Not Establish