Which of the following led to the passage of the Sarbanes-Oxley Act?
A)the stock market crash of 2002
B)the savings and loan bailout
C)the accounting scandals of WorldCom and Enron
D)the mounting government deficit

Question

Quizplus · Accepted Answer

The passage of the Sarbanes-Oxley Act was in response to the accounting scandals of corporations such as WorldCom and Enron, which revealed widespread corporate fraud and the failure of auditors to detect and prevent these issues. The act aimed to address issues related to corporate accountability, securities regulation, and accounting practices. The other options listed are not directly related to the passage of the Sarbanes-Oxley Act.

Which of the Following Led to the Passage of the Sarbanes-Oxley