M3 Sarbanes-Oxley Act of 2002

Question 1

Corporate responsibility section of the act that relates to the establishment of an audit committee and the representations made by key corporate officers typically the CEO and CFO

Answer 1

Title III of Sarbanes-Oxley (Corporate Responsibility)

Question 2

Responsible for the appointment, compensation and oversight of the work of the public accounting firm employed by that public company

Answer 2

Audit Committee

Question 3

Section of the act that includes enhanced financial disclosures associated with the issuer reports include additional details regarding the FS, IC and operations of the audit committee

Answer 3

Title IV of Sarbanes-Oxley (Enhanced Financial Disclosures)

Question 4

section of the Act that covers corporate and criminal fraud accountability

Answer 4

Title VIII (Corporate and Criminal Fraud Accountability)

Question 5

section of the act that covers white-collar crime penalty enhancements

Answer 5

Title IX

Question 6

section of the act that covers corporate fraud accountability

Answer 6

Title XI (Corporate Fraud Accountability)

Question 7

under Title IX of the act - will review and amend, as needed, the federal sentencing guidelines and policy statements to carry out the provisions of the attempt and conspiracy act

Answer 7

Sentencing Commission