Which of the following is most closely associated with the Sarbanes-Oxley Act of 2002?
A) Publicly traded companies must identify when they are using puffery in marketing communications.
B) Publicly traded companies are not allowed to suppress competition.
C) Publicly traded companies must publish results of their marketing accountability processes.
D) Employees of publicly traded companies cannot be held responsible for the business practices of their companies.
E) Leaders of publicly traded companies are responsible for the business practices of their companies.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 is most closely associated with the accountability and responsibility of leaders of publicly traded companies. This law was enacted in response to high-profile corporate scandals, such as Enron and WorldCom, and aims to improve corporate governance and financial reporting. It requires company leaders to certify the accuracy of financial statements, establishes penalties for fraud, and increases oversight and accountability of corporate boards.

Which of the Following Is Most Closely Associated with the Sarbanes-Oxley