Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
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

Limited Time Offer

25%

Off

Get Premium L5M2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Velda
7 months ago
C is relevant too, but not a direct part of SOX.
upvoted 0 times
...
Naomi
7 months ago
Wait, are we sure about that? I thought it was more about financial reporting.
upvoted 0 times
...
Anastacia
7 months ago
B is also super important for compliance!
upvoted 0 times
...
Naomi
7 months ago
Totally agree, separation of duties is key!
upvoted 0 times
...
Jerlene
8 months ago
A is definitely a component of Sarbanes-Oxley.
upvoted 0 times
...
Stevie
8 months ago
Environmental protection doesn't seem to fit with Sarbanes-Oxley at all, but I can't recall the exact components right now.
upvoted 0 times
...
Cory
8 months ago
I feel like elimination of bribery is more related to general compliance rather than specifically Sarbanes-Oxley.
upvoted 0 times
...
Mammie
8 months ago
I remember practicing a question similar to this, and I think ethical business practices were mentioned as part of the regulations.
upvoted 0 times
...
Tracey
8 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.
upvoted 0 times
...
Laticia
9 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.
upvoted 0 times
...
Linsey
9 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.
upvoted 0 times
...
Craig
9 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.
upvoted 0 times
...
Brigette
9 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.
upvoted 0 times
...
Kristian
11 months ago
Ethical business practices? Isn't that just common sense? Oh wait, I forgot we're talking about Wall Street. My bad.
upvoted 0 times
...
Keneth
11 months 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!
upvoted 0 times
...
Cassi
11 months ago
D) environmental protection? Really? I don't think that has anything to do with Sarbanes-Oxley. Someone's pulling our leg here!
upvoted 0 times
...
Aileen
11 months 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!
upvoted 0 times
Becky
10 months ago
I think B) ethical business practices is also a key component.
upvoted 0 times
...
Vernice
10 months ago
A) separation of duties is definitely a component of Sarbanes-Oxley Regulations.
upvoted 0 times
...
...
Mabelle
11 months ago
B) ethical business practices sounds right to me. That's what the whole regulation is about, isn't it?
upvoted 0 times
Veronika
11 months ago
C) Elimination of bribery is important too. It ensures transparency in financial reporting.
upvoted 0 times
...
Benton
11 months ago
B) Yes, ethical business practices are definitely a big part of Sarbanes-Oxley.
upvoted 0 times
...
Layla
11 months ago
A) separation of duties is also a key component. It helps prevent fraud.
upvoted 0 times
...
...
Howard
11 months ago
I'm not sure, but I think B) ethical business practices could also be a component.
upvoted 0 times
...
Izetta
12 months ago
I agree with Hollis, separation of duties is a key component of Sarbanes-Oxley Regulations.
upvoted 0 times
...
Hollis
12 months ago
I think the answer is A) separation of duties.
upvoted 0 times
...
Anabel
12 months ago
I think it's definitely A) separation of duties. That's a key component of the Sarbanes-Oxley regulations.
upvoted 0 times
Gregoria
11 months ago
I agree, it helps ensure accountability and prevent fraud.
upvoted 0 times
...
Daniel
11 months ago
A) separation of duties is indeed a key component of Sarbanes-Oxley regulations.
upvoted 0 times
...
...

Save Cancel