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Which statement about SOX is true?
A. It is a private organization that provides best practices for financial institution computer systems.
B. It is a US law.
C. It is an IEFT compliance procedure for computer systems security.
D. Section 404 of SOX is related to non IT compliance.
E. It is an IEEE compliance procedure for IT management to produce audit reports.
Answer: B
Explanation:
The Sarbanes-Oxley Act of 2002 (Pub.L. 107-204, 116 Stat. 745, enacted July 30, 2002), also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability and Responsibility Act" (in the House) and more commonly called Sarbanes-Oxley, Sarbox or SOX, is a United States federal law that set new or expanded requirements for all U.S. public company boards, management and public accounting firms. There are also a number of provisions of the Act that also apply to privately held companies, for example the willful destruction of evidence to impede a Federal investigation.
Reference: https://en.wikipedia.org/wiki/Sarbanes%E2%80%93Oxley_Act
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C. Create a new metadata schema, add a Dropdown form field and manually add the users & groups to the list
D. Customize the existing /default metadata schema add a Dropdown form field and manually add the users
& groups to the list
Answer: A
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