Question

Which of the following is not a key element of the Sarbanes Oxley Act?

Group of answer choices

The establishment of the Public Company Accounting Oversight Board

Requiring a company’s annual report to contain an internal control report that includes management’s opinion on the effectiveness of internal control

Severe criminal penalties for retaliation against “whistleblowers”

Requiring that the company’s performance reports are prepared in accordance with generally accepted accounting principles

Answer 1

The following is not a key element:-

d)

Requiring that the company’s performance reports are prepared in accordance with generally accepted accounting principles

As this was a requirnment even before SOX came into place.