Which of the following is not true of the Sarbanes-Oxley Act?
A) Has provided a mechanism for greater control over the financial activities of public companies.
B) The drawback of the act is that it does not cover bank fraud, securities fraud; and fraud by wire, radio, or TV.
C) At present, private companies are not included in this act.
D) Has created some difficulties for start-ups and smaller companies.
Answer: B