The most far-reaching governance reforms in the U.S. in terms of legal requirements are contained in the ________.
A) Sarbanes-Oxley Act
B) Cadbury Committee Act
C) Enron Act
D) Public Company Accounting Oversight Board Act

Question

Quizplus · Accepted Answer

The most far-reaching governance reforms in the U.S. in terms of legal requirements are contained in the Sarbanes-Oxley Act, which was enacted in response to corporate accounting scandals such as Enron and WorldCom. The Cadbury Committee Act was a governance reform in the UK, while the Enron Act and Public Company Accounting Oversight Board Act are not actual acts.

The Most Far-Reaching Governance Reforms in the U