Which of the following acts sets strict rules for businesses,especially for accounting practices that require more open and consistent disclosure of financial data and CEOs' assurance that the data is completely accurate?
A)Gramm-Leach-Bliley Act
B)Glass-Steagall Act
C)Sarbanes-Oxley Act
D)Dodd-Frank Act
E)McCarran-Ferguson Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act, was enacted in 2002 to set strict rules for businesses, particularly for accounting practices. It requires more open and consistent disclosure of financial data and requires CEOs to assure that the data is completely accurate.

Which of the Following Acts Sets Strict Rules for Businesses,especially