IS LAWS Q1

What are the penalties for violating the Sarbanes-Oxley Act, in the event that an executive willfully certified a fraudulent report?

• Fine up to $5 Million Dollars or imprisonment of up to 10 years

• Fine up to $5 Million Dollars or imprisonment of up to 20 years

• Fine up to $1 Million Dollars or imprisonment of up to 10 years

• Fine up to $1 Million Dollars or imprisonment of up to 20 years

What is the name of the president who signed the Sarbanes-Oxley law?

• George B. Wush

• Georgie W. Bush

• George W. Bush

• Georgie B. Wush

Is an external whistleblower possible to maintain their anonymous identity among workers?

• Yes

• No

• Both A & B

• None

The Sarbanes-Oxley Act was pushed on?

• July 13, 2012

• July 30, 2002

• July 30, 2012

• July 13, 2002

What is a process, effected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance called?

• Internal Whistleblower

• External Control

• Internal Control

• External Whistleblower

How much has the stock price plunged when Enron filed for bankruptcy in 2002?

• $70.75

• $90.25

• $70.25

• $90.75

This signified a fundamental shift in the financial sector, allowing banks to diversify their offerings.

The GLBA also known as the ______ of 1999 is a federal law decree in the United States to control financial institutions that deal with the private information of

Stipulates that financial institutions must implement security programs to protect such information

• Safeguards Rule

• Financial Privacy Rule

• Pretexting Provision

• Gramm-Leach-Bliley Act

It regulates the collection and disclosure of private information of individuals.

• Safeguards Rule

• Financial Privacy Rule

• Pretexting Provision

• Gramm-Leach-Bliley Act