The internal control provisions of the Sarbanes-Oxley Act of 2002 apply to which companies in the United States?
A)All companies.
B)SEC registrants.
C)Only those companies included in the Fortune 500.
D)All nonpublic companies.

Question

Quizplus · Accepted Answer

The internal control provisions of the Sarbanes-Oxley Act of 2002 apply to SEC registrants, which are companies that have registered securities with the Securities and Exchange Commission or are required to file periodic reports with the SEC. This includes public companies and some private companies that have issued publicly traded debt securities or certain classes of preferred stock. The provisions do not apply to all companies or all nonpublic companies.

The Internal Control Provisions of the Sarbanes-Oxley Act of 2002