The primary objective of Sarbanes -Oxley is to protect investors by
I. improving the accuracy of corporate disclosures.
II. loosening the reins on how information is reported.
III. improving the reliability of corporate disclosures.
IV. holding executive officers liable for the accuracy of corporate financial statements.
A) II only
B) I, II, & IV
C) I, III, &IV
D) I, II, & III

Question

The primary objective of Sarbanes -Oxley is to protect investors by
I.	improving the accuracy of corporate disclosures.
II.	loosening the reins on how information is reported.
III.	improving the reliability of corporate disclosures.
IV.	holding executive officers liable for the accuracy of corporate financial statements.
A) II only
B) I, II, & IV
C) I, III, &IV
D) I, II, & III

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was enacted in response to a series of high-profile financial scandals to protect investors by improving the accuracy and reliability of corporate disclosures and holding executive officers accountable for the accuracy of financial statements. It does not aim to loosen the reins on how information is reported, but rather to tighten them.

The Primary Objective of Sarbanes -Oxley Is to Protect Investors