Identify a true statement about the Sarbanes-Oxley Act.Multiple choice question.It does not cover public organizations.It deals with ensuring insurance coverage for all employees of a private firm.It does not apply to private companies.It led to the establishment of the Consumer Product Safety Commission.

What is the provision of section 404 of the Sarbanes–Oxley Act?Multiple choice question.It encourages businesses to go public.It requires employers with 100 or more full-time employees to provide health-care coverage by January 1, 2015.It minimizes control over the financial activities of public firms.It requires a firm to attest to the soundness of the firm's internal controls and financial statements.

Which are provisions of the Sarbanes-Oxley Act?Multiple select question.strengthens the protection of whistleblowersallows corporate loans to directors of the companyrequires CEOs to certify the accuracy of financial reportsprohibits accounting firms from providing consulting services to companies they audit

Why was the Sarbanes–Oxley Act of 2002 amended in 2010?Multiple choice question.To enhance the power of the board supervising the act to establish clearer disciplinary proceedings where violations have occurredTo minimize control over the financial activities of public companiesTo mandate employers to provide health insurance to employees who work for more than 30 hours per weekTo create a five-member commission that has the power to prescribe safety standards for more than 15,000 types of consumer products

The Sarbanes–Oxley Act of 2002 intended to reform:Multiple choice question.supply chain operations.persecution of convicted robbers.public company accounting.lawyer interaction with company officials.

The Sarbanes-Oxley Act applies toMultiple choice question.any company organized in the United States.companies that are required to file with the SEC.companies that operate internationally.companies that are formed as partnerships.