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The Sarbanes-Oxley Act was issued by the U.S. government, and one of its positive effects is:
Suggested Answer: C
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31 comments · newest first
RY
Ryann
7 months ago
Good point! All options have merit, but B stands out.
FR
Francine
8 months ago
Exactly! It’s about trust in the board.
DE
Delmy
8 months ago
True, but B really focuses on shareholder protection.
RY
Ryann
8 months ago
C is important too. Management needs to be accountable.
JU
Justine
8 months ago
A is also good. Detecting violations early is key.
FR
Francine
8 months ago
I agree, B makes sense. Shareholders need that security.
DE
Delmy
8 months ago
I think B is the best choice. Protecting shareholders is crucial.
HE
Hector
9 months ago
Agreed with B! It's about time shareholders got some protection.
RO
Ronna
9 months ago
Wait, are we sure it actually does that? Seems too good to be true.
EU
Eun
9 months ago
I think A is more accurate. Timely detection is key!
RA
Rana
9 months ago
I definitely studied how the Act impacts management and auditors, so I might go with C, but I need to double-check my notes on this.
DO
Dong
9 months ago
I feel like reducing risks is important too, but I can't recall if that's the primary goal of the Act. Maybe A is a contender?
SH
Shawna
9 months ago
I remember practicing a question about the role of auditors, so option C sounds familiar, but I'm not entirely sure if it's the main effect.
TA
Taryn
10 months ago
Definitely B! It really helps protect shareholders.
CA
Carmela
10 months ago
C) Enhancing the role of management and external auditors. Sounds like a lot of paperwork to me!
PA
Page
10 months ago
I think the Sarbanes-Oxley Act mainly focuses on protecting shareholders, so I might lean towards option B.
SU
Sue
10 months ago
C is spot on! Management and auditors have a bigger role now.
JU
Justine
10 months ago
But without A, how can we even catch those violations?
KR
Kristel
11 months ago
A) Reducing risks when detecting violations at the appropriate time. Catch those crooks red-handed!
CO
Corrina
11 months ago
B) Protecting shareholders from the transgressions of the board of directors. Gotta keep those suits in check!
JA
Jacki
11 months ago
The Sarbanes-Oxley Act is like a financial superhero, protecting shareholders from the dark forces of corporate greed.
NA
Nathan
11 months ago
C) Enhancing the role of management and external auditors in the process of preparing financial statements.
FI
Fidelia
12 months ago
Hmm, I'm a little stuck on this. I know the Sarbanes-Oxley Act had something to do with reducing financial risks, but I'm not sure which of these options best captures that. I'll have to review my notes and try to eliminate the incorrect answers.
CH
Chi
12 months ago
I'm feeling confident about this one. The Sarbanes-Oxley Act was all about improving accountability and transparency, so B - protecting shareholders from the board of directors' transgressions - seems like the best choice.
RA
Rashida
12 months ago
Okay, I've got this. The Sarbanes-Oxley Act was passed to improve financial reporting and oversight, so the correct answer is C - enhancing the role of management and external auditors in preparing financial statements.
EL
Elke
1 year ago
I'm a bit unsure about this one. The Sarbanes-Oxley Act is related to corporate governance, but I'm not totally clear on the specific positive effects. I'll need to think this through carefully.
TR
Tresa
1 year ago
Hmm, this seems like a straightforward question about the Sarbanes-Oxley Act. I'll need to recall the key points about its purpose and effects.
RA
Rasheeda
6 months ago
True, but shareholder protection feels more direct.
RI
Ricarda
6 months ago
But enhancing management's role is also important.
FE
Felix
7 months ago
Definitely, that’s a major focus of the Act.
FL
Flo
7 months ago
I think it’s about protecting shareholders.