Which of the following was enacted by the government to prevent more corporate accounting scandals?
A)Federal Accounting Standards Board Act.
B)Securities and Exchange Act.
C)Sarbanes-Oxley Act.
D)Clayton Act.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was enacted in 2002 to prevent more corporate accounting scandals, specifically following the Enron and WorldCom scandals. It sets higher accountability standards for corporations and their executives, increases transparency in financial reporting, and establishes penalties for fraudulent activities.

Which of the Following Was Enacted by the Government to Prevent