Criticisms leveled at the audit ﬁrm, Arthur Andersen, in its original conviction after the 2001 Enron scandal led Congress to pass:
A)The 2002 Ethical Conﬂicts Act.
B)The Sarbanes-Oxley Act of 2002.
C)The Institute of Management Accountants' Trust and Conﬁdence Act.
D)The Restitution and Penalties Act.
E)The Institute of Management Accountants' Statement of Ethical Professional Practice.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 was passed by Congress in response to the criticisms leveled at Arthur Andersen and other audit firms after the Enron scandal. The act aimed to improve corporate accountability and prevent fraudulent accounting practices, among other things.

Criticisms Leveled at the Audit ﬁRm, Arthur Andersen, in Its