Most criticism of the Sarbanes-Oxley Act focuses on
A) the excessive cost of compliance.
B) inadequate penalties for violations.
C) diminished competitiveness of U.S. corporations in international markets.
D) decreased confidence in financial reporting.

Question

Quizplus · Accepted Answer

Many companies have criticized the Sarbanes-Oxley Act for increasing their compliance costs. This is due to the requirement for more extensive internal controls, disclosure requirements, and increased auditing and accountability measures. The cost of compliance can be particularly burdensome for small businesses.

Most Criticism of the Sarbanes-Oxley Act Focuses on