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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?

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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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Cecily
1 months ago
I bet the people who wrote this question were trying to 'sarbanes' us with those other options. But I'm not 'oxley' about it - C is the clear winner here!
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Rickie
1 months ago
D) to ensure that products that reach the market are fit for purpose? Uh, no, that's not it. Sarbanes-Oxley is all about financial reporting, not product quality.
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Dwight
1 months ago
B) to ensure high levels of ethical practice with regards to working conditions? Haha, nice try, but that's not even remotely related to this regulation.
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Tiara
9 days ago
D) to ensure that products that reach the market are fit for purpose
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Detra
14 days ago
C) to encourage transparency in financial reporting
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Marshall
15 days ago
A) to protect the environment
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Quinn
2 months ago
A) to protect the environment? Seriously? This has nothing to do with the Sarbanes-Oxley Regulation. Come on, people, let's focus here!
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Ethan
26 days ago
D) to ensure that products that reach the market are fit for purpose
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Gerald
28 days ago
B) to ensure high levels of ethical practice with regards to working conditions
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Veronique
29 days ago
C) to encourage transparency in financial reporting
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Linn
2 months ago
I believe it's important to have regulations like Sarbanes-Oxley to prevent fraud and ensure accountability.
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Gearldine
2 months ago
I agree with Lindsey, transparency in financial reporting is crucial for investors and stakeholders.
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Ligia
2 months 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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Candra
1 months ago
Yes, the Sarbanes-Oxley Regulation was put in place to prevent accounting scandals like Enron.
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Candra
1 months ago
C) to encourage transparency in financial reporting
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Lindsey
2 months ago
I think the purpose of Sarbanes-Oxley Regulation is to encourage transparency in financial reporting.
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