The Sarbanes-Oxley was passed in
A) 1933 to separate commercial banking from investment banking.
B) 2002 after the ENRON bankruptcy exposed unethical behavior by the company's executives and accountants.
C) 2008 after the collapse of the subprime mortgage market.
D) 2010 to protect consumers from financial fraud.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act, was passed in 2002 after the ENRON scandal revealed unethical behavior by the company's executives and accountants. It aimed to increase transparency and accountability in corporate reporting and prevent financial fraud.

The Sarbanes-Oxley Was Passed in