The Sarbanes Oxley Act of 2002 is intended to:
A) protect financial managers from investors.
B) not have any effect on foreign companies.
C) reduce corporate revenues.
D) protect investors from corporate abuses.
E) decrease audit costs for U.S. firms.

Question

Quizplus · Accepted Answer

The Sarbanes Oxley Act of 2002 was enacted to protect investors from corporate abuses by enhancing corporate governance and increasing the transparency of financial reporting. It aims to prevent financial fraud and increase accountability of corporations.

The Sarbanes Oxley Act of 2002 Is Intended To