The 2002 Sarbanes-Oxley Act was designed to
A) limit the compensation that could be paid to corporate CEOs.
B) eliminate the many disclosure and conflict of interest problems of corporations.
C) provide uniform international accounting standards.
D) two of the above.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 was primarily designed to address issues related to corporate governance, financial disclosure, and conflicts of interest in the wake of major corporate scandals. It did not focus on CEO compensation or international accounting standards.

The 2002 Sarbanes-Oxley Act Was Designed to