Business, 12.10.2021 08:30 alissa3329

Bob is the CEO of ABC Hydraulics. Bob is committed to ethical business practices. He ensures that his investors are kept well-informed of the state of the company. As part of his commitment to transparency and ethical practices, he prefers that the top level executives don't see the inner workings of the company's financials so that they aren't tempted to try to defraud the company by embezzling. Is this complying with SOX (Sarbanes-Oxley Act)? a. No, SOX mandates that top level executives must certify that financial information is accurate.
b. Yes, SOX doesn't regulate anything mentioned in the above scenario.
c. Yes, SOX is only concerned with the penalties for noncompliance.
d. No, SOX demands that the CEO outsource the financials to a trusted confidant.

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