Which of the following is not a key element of the Sarbanes Oxley Act to improve corporate governance?
A)The establishment of the Public Company Accounting Oversight Board
B)Requiring a company's annual report to contain an internal control report that includes management's opinion on the effectiveness of internal control
C)Severe criminal penalties for retaliation against "whistleblowers"
D)Requiring that the company's performance reports are prepared in accordance with generally accepted accounting principles

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act does not require that companies prepare performance reports in accordance with generally accepted accounting principles.

Which of the Following Is Not a Key Element of the Sarbanes