The Sarbanes-Oxley Act has failed to stimulate information system changes to conform to new corporate financial reporting rules.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act has indeed stimulated information system changes to conform to new corporate financial reporting rules. The Act requires companies to implement internal controls and make disclosures about their financial reporting processes, which has led to the adoption of new information system technologies such as automated accounting systems and data analytics tools.

The Sarbanes-Oxley Act Has Failed to Stimulate Information System Changes