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Which of the following is NOT true regarding the Sarbanes-Oxley Act (SOX)
can lead to jail time for corporate officers
Applies to ALL company publicly traded on U. S. Markets
provides requirements on how companies must track, manage and report on financial information
is a vertical regulation
SOX is a horizontal regulation. It deals with more than one type of industry. Vertical regulations deal with One type of industry such as financial.
SOX applies to all companies publicly traded on US markets. https://ell.stackexchange.com/questions/26792/difference-between-all-and-any
It provides requirements on how companies must track, manage and report on financial information.
Non compliance can lead to stiff penalties and potentially significant jail time for company executives including the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) and others
Changed the wording on Answer C
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