Exam L5M2 Topic 1 Question 9 Discussion
Actual exam question for CIPS's L5M2 exam
Question #: 9
Topic #: 1
Question #: 9
Topic #: 1
Which of the following is a component of the Sarbanes-Oxley Regulations?
Suggested Answer: A Vote an answer
Explanation
Separation of duties is a key component of the Sarbanes-Oxley Regulations. It ensures businesses are accounting responsibly, and one way to do this is through separation of duties (no one person has complete control of the accounts of a company). See https://www.investopedia.com/terms/s/sarbanesoxleyact.asp and p.42 in the study guide. This piece of legislation does tend to come up in the exam so do revise this topic.
Separation of duties is a key component of the Sarbanes-Oxley Regulations. It ensures businesses are accounting responsibly, and one way to do this is through separation of duties (no one person has complete control of the accounts of a company). See https://www.investopedia.com/terms/s/sarbanesoxleyact.asp and p.42 in the study guide. This piece of legislation does tend to come up in the exam so do revise this topic.
by Marguerite at Jul 07, 2024, 11:54 PM
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