CIPS Exam L5M2 Topic 1 Question 18 Discussion

Actual exam question for CIPS's L5M2 exam

Question #: 18
Topic #: 1

[All L5M2 Questions]

What is the purpose of the Sarbanes-Oxley Regulation?

Ato protect the environment

Bto ensure high levels of ethical practice with regards to working conditions

Cto encourage transparency in financial reporting

Dto ensure that products that reach the market are fit for purpose

Show Suggested Answer

Suggested Answer: A

The correct answers are as follows:

CSR= Corporate Social Responsibility

by Nana at Aug 08, 2023, 11:29 PM

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Linn

2 days ago

I believe it's important to have regulations like Sarbanes-Oxley to prevent fraud and ensure accountability.

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Gearldine

3 days ago

I agree with Lindsey, transparency in financial reporting is crucial for investors and stakeholders.

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Ligia

5 days ago

C) to encourage transparency in financial reporting - This is clearly the purpose of the Sarbanes-Oxley Regulation, which was enacted in response to major accounting scandals like Enron.

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Lindsey

5 days ago

I think the purpose of Sarbanes-Oxley Regulation is to encourage transparency in financial reporting.

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