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Author Question: Which of the following is NOT required by the Sarbanes-Oxley Act? A) Publicly traded firms must ... (Read 48 times)

Evvie72

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on: Jul 7, 2018
Which of the following is NOT required by the Sarbanes-Oxley Act?
 
  A) Publicly traded firms must disclose whether they have a code of ethics for top executives.
  B) Publicly traded firms must not discharge employees who report ethical abuses.
  C) Bank-holding companies and SEC reporting banks must have codes of ethics.
  D) Corporations must not provide financial loans to executives or directors.

Question 2

According to the Sarbanes-Oxley Act, any SEC reporting bank that does not have a code of ethics must ________.
 
  A) submit a report to Congress
  B) provide an explanation
  C) pay a significant fine
  D) develop an ethics code


Eazy416

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


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