Because of the lack of independence between related parties, the Sarbanes-Oxley Act prohibits all related party transactions.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act does not prohibit all related party transactions, but it does require disclosure of such transactions and strengthened internal controls and oversight to ensure they are conducted at arm's length and in the best interests of the company and its shareholders.

Because of the Lack of Independence Between Related Parties, the Sarbanes-Oxley