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CIPS L5M2 Exam - Topic 5 Question 58 Discussion

Which of the following is a component of the Sarbanes-Oxley Regulations?
A) separation of duties
B) ethical business practices
C) elimination of bribery
D) environmental protection

CIPS L5M2 Exam - 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, 06:02 AM

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Velda
9 months ago
C is relevant too, but not a direct part of SOX.
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Naomi
9 months ago
Wait, are we sure about that? I thought it was more about financial reporting.
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Anastacia
9 months ago
B is also super important for compliance!
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Naomi
9 months ago
Totally agree, separation of duties is key!
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Jerlene
9 months ago
A is definitely a component of Sarbanes-Oxley.
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Stevie
10 months ago
Environmental protection doesn't seem to fit with Sarbanes-Oxley at all, but I can't recall the exact components right now.
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Cory
10 months ago
I feel like elimination of bribery is more related to general compliance rather than specifically Sarbanes-Oxley.
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Mammie
10 months ago
I remember practicing a question similar to this, and I think ethical business practices were mentioned as part of the regulations.
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Tracey
10 months ago
I think separation of duties is definitely a key part of Sarbanes-Oxley, but I'm not entirely sure if it's the only component.
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Laticia
10 months ago
I'm a bit confused on this one. I remember learning about Sarbanes-Oxley, but I can't quite recall the specific components. I'll have to review my notes before deciding.
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Linsey
11 months ago
Okay, let me see. I know the Sarbanes-Oxley Act was passed to improve financial reporting and accountability, so I'm going to go with A - separation of duties.
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Craig
11 months ago
Hmm, I'm not entirely sure about this one. The Sarbanes-Oxley Act covers a lot of different areas, so I'll have to think it through carefully before answering.
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Brigette
11 months ago
I'm pretty sure the Sarbanes-Oxley Regulations have to do with corporate governance and financial reporting, so I think the answer is A - separation of duties.
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Kristian
1 year 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
1 year 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
1 year 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
1 year 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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Becky
11 months ago
I think B) ethical business practices is also a key component.
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Vernice
12 months ago
A) separation of duties is definitely a component of Sarbanes-Oxley Regulations.
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Mabelle
1 year 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
1 year ago
C) Elimination of bribery is important too. It ensures transparency in financial reporting.
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Benton
1 year ago
B) Yes, ethical business practices are definitely a big part of Sarbanes-Oxley.
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Layla
1 year ago
A) separation of duties is also a key component. It helps prevent fraud.
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Howard
1 year ago
I'm not sure, but I think B) ethical business practices could also be a component.
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Izetta
1 year ago
I agree with Hollis, separation of duties is a key component of Sarbanes-Oxley Regulations.
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Hollis
1 year ago
I think the answer is A) separation of duties.
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Anabel
1 year 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
1 year ago
I agree, it helps ensure accountability and prevent fraud.
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Daniel
1 year ago
A) separation of duties is indeed a key component of Sarbanes-Oxley regulations.
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