Which of the following issues is addressed by the Sarbanes-Oxley legislation?
A) safety aspects of products
B) environmental damages caused by industries
C) disclosure practices of public corporations
D) disclosure practices of private companies

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley legislation was enacted to address disclosure practices of public corporations after a number of high-profile accounting scandals in the early 2000s, such as Enron and WorldCom. It aims to improve transparency in financial reporting and increase corporate accountability to protect investors and the public. It does not address safety aspects of products or environmental damages caused by industries, and it only applies to public companies, not private companies.

Which of the Following Issues Is Addressed by the Sarbanes-Oxley