Which of the following was recently 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 by the government in 2002 in response to accounting scandals such as Enron and WorldCom. It established new or expanded requirements for public companies and accounting firms, with the aim of improving transparency, accountability, and accuracy in financial reporting. The other options are also related to financial regulation but are either outdated (Federal Accounting Standards Board Act, Clayton Act) or not specific to corporate accounting scandals (Securities and Exchange Act).

Which of the Following Was Recently Enacted by the Government