Which of the following are requirements under the Sarbanes-Oxley act? (check all that apply)
A)Public companies must evaluate and disclose the effectiveness of their internal financial controls.
B)Companies must hire independent auditors to verify the disclosures.
C)IT employees are held personally responsible for the release and validity of all filings.
D)Company officers can be held personally liable if the company lacks satisfactory data management policies.
E)Companies will not be held liable if a security breach occurs.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley act requires companies to evaluate and disclose the effectiveness of their internal financial controls (A), hire independent auditors to verify those disclosures (B), and hold company officers personally liable if the company lacks satisfactory data management policies (D). Option C is inaccurate as IT employees are not held personally responsible for the release and validity of all filings, and option E is incorrect as companies may still be held liable even if there is a security breach.

Which of the Following Are Requirements Under the Sarbanes-Oxley Act