The Sarbanes-Oxley Act, passed in 2002, ________.
A) enhanced U.S. reporting standards for public companies
B) mandated background checks for all employees
C) established the Federal Deposit Insurance Corporation (FDIC.) in the United States
D) provides for regulation of securities issued in the United States

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act enhanced reporting standards for public companies in the United States, requiring increased transparency and accountability in financial reporting. It was passed in response to several high-profile corporate accounting scandals, including Enron and WorldCom.

The Sarbanes-Oxley Act, Passed in 2002, ________