The Sarbanes-Oxley Act in 2002 was prompted by which one of the following from the 1990s?
A)Increased stock market volatility
B)Corporate accounting and financial fraud
C)Increased executive compensation
D)Increased foreign investment in U.S. stock markets
E)Increased use of tax loopholes

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was prompted by the corporate accounting and financial fraud scandals of the 1990s, including the collapse of Enron and WorldCom. The act was designed to increase transparency and accountability in corporate accounting practices.

The Sarbanes-Oxley Act in 2002 Was Prompted by Which One