The Sarbanes-Oxley Act of 2002 (SOX)was designed to hold corporations accountable for internal control and financial reporting requirements.

Question

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This is a correct statement. The main purpose of the Sarbanes-Oxley Act of 2002 is to improve corporate governance and restore investor confidence by holding corporations accountable for internal control and financial reporting requirements.

The Sarbanes-Oxley Act of 2002 (SOX)was Designed to Hold Corporations