Question

How did complying with Sarbanes-Oxley help Viper Motorcycle Company, according to its CEO?

a. It exposed the company's accounting fraud before going public

b. It created new expensive costs

c. It led to the creation of countless new accounting jobs and companies

d. It made the company more attractive to investors

What ethical concept does Sarbanes-Oxley promote and institutionalize?

a. Shareholder activism

b. Philanthropy

c. Transparency

d. Diversity

According to Sarbanes-Oxley, accounting firms that provide consulting services to businesses are prohibited from providing auditing services. This prevents:

a. Double-dipping

b. Whistle-blowing

c. Insider trading

d. Conflicts of interest

Answer 1

1.( a)It exposed the company's accounting fraud before going public

2. (c) transparency

3 (a) double dipping