The __________ Act has proved to be the most comprehensive act of its kind in regard to ethics.
A) Sherman
B) Robinson-Patman
C) Wheeler
D) Sarbanes-Oxley

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, passed in 2002, is a comprehensive act that established new or expanded standards for all publicly traded US companies, their boards, management, and accounting firms. It includes provisions designed to improve corporate governance and accountability, such as the requirement that the CEO and CFO certify the accuracy of financial statements and disclosures in quarterly and annual reports, the prohibition of insider trading during blackout periods, and the establishment of the Public Company Accounting Oversight Board (PCAOB) to regulate auditors.

The __________ Act Has Proved to Be the Most Comprehensive