Which of the following provides a myriad of financial reporting requirements and guidelines for public companies?
A)Digital Millennium Copyright Act
B)PATRIOT ACT
C)Sarbanes-Oxley Act
D)none of the above

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, enacted in 2002, provides a comprehensive set of financial reporting requirements and guidelines for public companies in the United States. It was created in response to accounting scandals such as Enron and WorldCom, and includes provisions for increased corporate governance, auditing and reporting requirements, and penalties for fraudulent financial reporting. The Digital Millennium Copyright Act and the PATRIOT ACT are unrelated to financial reporting requirements.

Which of the Following Provides a Myriad of Financial Reporting