Question

multiple select question
select all that apply
from the list below, select all of the provisions that are part of the sarbanes - oxley act of 2002.

• it requires all hiring and firing decisions to be approved by a federal accountability liaison.
• it provides job reinstatement and back pay to whistleblowers who are punished by their employers.
• it requires speedy disclosure of major changes in the companys financial or operating conditions.
• it prohibits top management from taking personal loans from the company.

Explanation:

• The Sarbanes - Oxley Act of 2002 (SOX) has several key provisions:
• It provides job reinstatement and back pay to whistleblowers who are retaliated against by their employers (this is a known provision of SOX related to protecting whistleblowers).
• It requires speedy disclosure of major changes in a company's financial or operating conditions to ensure transparency for investors.
• It prohibits top management from taking personal loans from the company to prevent conflicts of interest and misuse of corporate funds.
• The provision about all hiring and firing decisions being approved by a federal accountability liaison is not a part of the Sarbanes - Oxley Act.

Answer:

B. It provides job reinstatement and back pay to whistleblowers who are punished by their employers.
C. It requires speedy disclosure of major changes in the company's financial or operating conditions.
D. It prohibits top management from taking personal loans from the company.