All of the following statements are true about the Sarbanes-Oxley Act except
A)it applies to publicly traded companies.
B)it shields chief executives from criminal penalties.
C)it orders the SEC to draw up certain rules.
D)its primary goal is to regulate financial reporting and the accounting profession.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act does not shield chief executives from criminal penalties; in fact, one of its primary goals is to hold top executives personally accountable for financial reporting accuracy.

All of the Following Statements Are True About the Sarbanes-Oxley