Which is an example of a financial control procedure recommended by Sarbanes-Oxley?

The choice of hiring a financial expert in the audit committee as an example of a financial control procedure recommended by Sarbanes-Oxley is particularly significant. Sarbanes-Oxley Act (SOX), enacted in response to financial scandals, aims to enhance transparency and accountability in corporate financial reporting. One of the key provisions of SOX is that publicly traded companies must have an audit committee, which is tasked with overseeing financial reporting and disclosures.

By requiring the audit committee to include a financial expert—someone with expertise in accounting or financial management—companies can better ensure that their financial practices and reporting are rigorously examined and that they adhere to sound financial controls. This expert oversight helps prevent misstatements or fraud and improves the integrity of financial information provided to investors and stakeholders.

The other options do not align with the specific financial control procedures prescribed by Sarbanes-Oxley. Social media policies, customer satisfaction surveys, and marketing strategies relate more to business operations, marketing, and communication rather than direct financial controls and oversight. Therefore, the focus on enhancing the competency and oversight of the audit committee through the inclusion of a financial expert is a clear demonstration of compliance with the objectives of the Sarbanes-Oxley Act.