Final answer:
The internal control provisions of SOX apply to all issuer (public) companies and nonissuer (nonpublic) companies with more than $100,000,000 of net worth in the United States. Option (D) is correct.
Step-by-step explanation:
Sarbanes-Oxley makes it a crime to defraud shareholders of publicly traded companies through the filing of misleading financial reports. Executives face fines of up to $1 million and ten years imprisonment for knowingly certifying financial reports that don't comply with the SOX's requirements.
The Act requires year-end financial disclosure reports and that all financial reports come with an Internal Controls Report. Financial disclosures must contain reporting of material changes in financial condition.
The Sarbanes-Oxley Act, otherwise known as SOX, is a United States federal law designed to further protect shareholders and the public from general accounting fraud in public and private companies by improving the accuracy of corporate disclosures.
The internal control provisions of SOX, or the Sarbanes-Oxley Act, apply to All issuer (public) companies and nonissuer (nonpublic) companies with more than $100,000,000 of net worth in the United States. These provisions include requirements for financial reporting, internal controls, and auditor independence.