Question

Which of the following requires that a publicly traded company's employment offers consistently meet internal approval requirements, that they are consistent with established salary ranges, and that salary increases are documented and approved in accordance with internal policies?

A. Occupational Safety and Health Act
B. Equal Employment Opportunity Commission
C. Sarbanes-Oxley Act
D. Fair Labor Standards Act

Answer 1

The Sarbanes-Oxley Act (SOX) requires that a publicly traded company's employment offers consistently meet internal approval requirements, be consistent with established salary ranges, and have documented and approved salary increases in accordance with internal policies.

Step-by-step explanation:

The legislation that requires a publicly traded company's employment offers to consistently meet internal approval requirements, be consistent with established salary ranges, and have documented and approved salary increases in accordance with internal policies is the Sarbanes-Oxley Act (SOX).

The Sarbanes-Oxley Act was enacted in 2002 and was primarily designed to improve corporate governance and financial reporting in the wake of major accounting scandals. It includes provisions to ensure transparency, accountability, and fairness in the operations of publicly traded companies.

Under SOX, companies are required to follow strict internal controls and financial reporting procedures, including consistent approval of employment offers, adherence to established salary ranges, and documentation and approval of salary increases, to prevent fraudulent activities and misrepresentation of financial information.