The Sarbanes-Oxley Act of 2002 is a governmental response to:
A)decreasing corporate profits.
B)the terrorists attacks on 9/11/2001.
C)a weakening economy.
D)deregulation of the stock exchanges.
E)management greed and abuses.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 was a response to management greed and abuses, specifically focused on corporate accounting fraud and mismanagement that had resulted in major corporate scandals such as Enron and WorldCom. The act aimed to increase transparency and accountability in corporate financial reporting and protect investors from deception and fraud.

The Sarbanes-Oxley Act of 2002 Is a Governmental Response To