The Sarbanes - Oxley Act __________ .
A)is a piece of US legislation that only applies to US companies
B)is a piece of Australian legislation that applies to Australian and NZ companies
C)is a piece of US legislation that applies to US companies and to foreign companies that are listed on US stock exchanges
D)None of the above options are correct.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act is a piece of US legislation that applies to both US companies and foreign companies that are listed on US stock exchanges. It imposes various requirements related to financial reporting, accounting practices, and corporate governance in order to protect investors and prevent corporate fraud.