Internal controls are so critical to a company that Congress passed the:
A)Sarbanes-Oxley Act of 2002.
B)Kemp-Oxley Act of 2002.
C)Economic Stimulus Law of 2008.
D)Public Company Accounting Oversight Board Act of 2002.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 was passed by Congress to strengthen internal controls and financial reporting requirements for public companies, in response to the major accounting scandals of that time. It established new rules for auditing and accounting, and created the Public Company Accounting Oversight Board (PCAOB) to oversee auditors and ensure that their work met certain standards. The other choices are not applicable or do not exist.

Internal Controls Are So Critical to a Company That Congress