Exam 312-49v11 Topic 12 Question 500 Discussion
Actual exam question for EC-COUNCIL's 312-49v11 exam
Question #: 500
Topic #: 12
Question #: 500
Topic #: 12
Scarlett, a compliance officer, is working for a publicly traded company that has recently faced accusations of financial misconduct. During her investigation, she comes across a law passed by the U.S.
Congress in 2002 aimed at protecting investors from fraudulent accounting practices by corporations.
This law mandates stricter corporate financial reporting standards, internal controls, and penalties for fraudulent activities.
Which of the following laws is Scarlett most likely reviewing in this case?
Congress in 2002 aimed at protecting investors from fraudulent accounting practices by corporations.
This law mandates stricter corporate financial reporting standards, internal controls, and penalties for fraudulent activities.
Which of the following laws is Scarlett most likely reviewing in this case?
Suggested Answer: A Vote an answer
This question directly aligns with CHFI v11 objectives underRegulations, Policies, and Ethics, particularly laws that influence forensic investigations and corporate compliance. The law described is theSarbanes- Oxley Act (SOX), enacted in2002in response to major corporate accounting scandals such as Enron and WorldCom. CHFI v11 highlights SOX as a critical regulation governing publicly traded companies in the United States.
SOX mandates strict requirements forcorporate financial reporting, internal control assessments, executive accountability, audit independence, and record retention. Sections such asSOX Section 302 require executives to personally certify the accuracy of financial statements, whileSection 404enforces internal control audits to prevent fraud. These requirements are highly relevant in forensic investigations involving financial misconduct, as investigators often rely on audit logs, financial records, and compliance documentation governed by SOX.
The other options are incorrect: PCI DSS applies to payment card data security, GLBA governs customer financial data privacy, and ECPA addresses electronic communications privacy. Therefore, consistent with CHFI v11 legal frameworks and compliance objectives, the correct law Scarlett is reviewing isSOX (Sarbanes-Oxley Act).
SOX mandates strict requirements forcorporate financial reporting, internal control assessments, executive accountability, audit independence, and record retention. Sections such asSOX Section 302 require executives to personally certify the accuracy of financial statements, whileSection 404enforces internal control audits to prevent fraud. These requirements are highly relevant in forensic investigations involving financial misconduct, as investigators often rely on audit logs, financial records, and compliance documentation governed by SOX.
The other options are incorrect: PCI DSS applies to payment card data security, GLBA governs customer financial data privacy, and ECPA addresses electronic communications privacy. Therefore, consistent with CHFI v11 legal frameworks and compliance objectives, the correct law Scarlett is reviewing isSOX (Sarbanes-Oxley Act).
by Gregary at Jul 16, 2026, 08:10 AM
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