The ________ was passed in 2002 in response to a number of highly publicized accounting scandals.
A) Sarbanes-Oxley Act
B) McCain-Feingold Act
C) Securities and Exchange Act
D) Accounting Standards Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in 2002 in response to accounting scandals such as Enron and WorldCom. The act aimed to improve financial disclosures and prevent accounting fraud. The McCain-Feingold Act was passed in 2002 and was focused on campaign finance reform. The Securities and Exchange Act was passed in 1934 and established the Securities and Exchange Commission, which regulates securities trading in the United States. There is no Accounting Standards Act.

The ________ Was Passed in 2002 in Response to a Number