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CIPS Exam L5M2 Topic 5 Question 58 Discussion

Actual exam question for CIPS's L5M2 exam
Question #: 58
Topic #: 5
[All L5M2 Questions]

Which of the following is a component of the Sarbanes-Oxley Regulations?

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Suggested Answer: A

Separation of duties is a key component of the Sarbanes-Oxley Regulations. It ensures businesses are accounting responsibly, and one way to do this is through separation of duties (no one person has complete control of the accounts of a company). See https://www.investopedia.com/terms/s/sarbanesoxleyact.asp and p.42 in the study guide. This piece of legislation does tend to come up in the exam so do revise this topic.


by Krystal at Jul 05, 2025, 07:02 AM

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Kristian
14 days ago
Ethical business practices? Isn't that just common sense? Oh wait, I forgot we're talking about Wall Street. My bad.
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Keneth
15 days ago
Separation of duties, huh? Sounds like they're trying to keep the accountants and the CEO from cooking the books together. Smart move, I say!
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Cassi
16 days ago
D) environmental protection? Really? I don't think that has anything to do with Sarbanes-Oxley. Someone's pulling our leg here!
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Aileen
19 days ago
Hmm, I'm not sure. I was thinking C) elimination of bribery, but now I'm second-guessing myself. This is a tough one!
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Mabelle
28 days ago
B) ethical business practices sounds right to me. That's what the whole regulation is about, isn't it?
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Veronika
16 days ago
C) Elimination of bribery is important too. It ensures transparency in financial reporting.
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Benton
17 days ago
B) Yes, ethical business practices are definitely a big part of Sarbanes-Oxley.
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Layla
18 days ago
A) separation of duties is also a key component. It helps prevent fraud.
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Howard
1 months ago
I'm not sure, but I think B) ethical business practices could also be a component.
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Izetta
1 months ago
I agree with Hollis, separation of duties is a key component of Sarbanes-Oxley Regulations.
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Hollis
1 months ago
I think the answer is A) separation of duties.
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Anabel
1 months ago
I think it's definitely A) separation of duties. That's a key component of the Sarbanes-Oxley regulations.
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Gregoria
21 days ago
I agree, it helps ensure accountability and prevent fraud.
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Daniel
28 days ago
A) separation of duties is indeed a key component of Sarbanes-Oxley regulations.
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