Question 2 (of 13) value 0.89 points Match each of the following Sox requirement

Question

Question 2 (of 13) value 0.89 points Match each of the following Sox requirements to the corresponding objective by entering the appropriate lefter in the space provided A. Counteract incentives for fraud B. Reduce opportunities for error and fraud C Encourage good character Establish a tip line for employees to report questionable acts 2Increase maximum fines to $5 million. Require management to report on efectiveness of internal controls 4Legislate whistle-blower protections 5 Require external auditors report on effectiveness of internal controls. Reterences eBook & Resources

Explanation / Answer

Q2) Explanation: 1. Establish a tip line for employees to report questionable acts B. Reduce opportunities for error and fraud Employees do not go for fraud 2. Increase maximum fines to $5 m A. Counteract incentives for fraud No gain as fine is heavy 3. Require management to report on effectiveness of internal controls C. Encourage good character shows good anti-fraud attitude of management 4. Legislate whistle-blower protections B. Reduce opportunities for error and fraud legal screening of fraud 5. Require external auditors report on effectiveness of internal controls C. Encourage good character shows good anti-fraud attitude of management

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