Which statement below is incorrect regarding the Sarbanes-Oxley Act (SOX)? O Failure to comply with SOX can result in substantial penalties to companies and company officers O Requires all publicly-traded corporations to maintain an adequate system of internal control. O Most investors believe that SOX helps safeguard their stock investments. The SOX was passed by Congress in the early 2000's.
Which statement below is incorrect regarding the Sarbanes-Oxley Act (SOX)? O Failure to comply with SOX can result in substantial penalties to companies and company officers O Requires all publicly-traded corporations to maintain an adequate system of internal control. O Most investors believe that SOX helps safeguard their stock investments. The SOX was passed by Congress in the early 2000's.
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![Which statement below is incorrect regarding the Sarbanes-Oxley Act (SOX)?
O Failure to comply with SOX can result in substantial penalties to companies and company officers
O Requires all publicly-traded corporations to maintain an adequate system of internal control.
O Most investors believe that SOX helps safeguard their stock investments.
The SOX was passed by Congress in the early 2000's.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7fe5a73-45e4-4166-8ba1-50e355550dfc%2Fec9ccffd-bdcf-4af1-9c0c-9f00384547c0%2F6z556ji_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which statement below is incorrect regarding the Sarbanes-Oxley Act (SOX)?
O Failure to comply with SOX can result in substantial penalties to companies and company officers
O Requires all publicly-traded corporations to maintain an adequate system of internal control.
O Most investors believe that SOX helps safeguard their stock investments.
The SOX was passed by Congress in the early 2000's.
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