Which law mandates that the financial statements of the organization are accurate and complete when filed with the Securities and Exchange Commission?
A)The Foreign Corrupt Practices Act.
B)The Financial Accountability Act.
C)Generally Accepted Accounting Principles.
D)The Sarbanes-Oxley Act.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires that financial statements filed with the Securities and Exchange Commission be accurate and complete. The act was enacted to address accounting scandals and corporate fraud, and it established new requirements for financial reporting and corporate governance. A, B, and C are not laws that specifically address the accuracy and completeness of financial statements filed with the SEC.

Which Law Mandates That the Financial Statements of the Organization