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Which of the Following Is True Regarding the Sarbanes-Oxley Act

Question 93

Multiple Choice

Which of the following is true regarding the Sarbanes-Oxley Act?


A) The Sarbanes-Oxley Act was repealed after the onslaught of corporate scandals in the 2000s.
B) The Sarbanes-Oxley Act applies only to law firms, requiring that they act ethically.
C) The Sarbanes-Oxley Act applies only to accounting firms, requiring that they act ethically.
D) The Sarbanes-Oxley Act requires that public companies disclose whether a code of ethics has been adopted for senior financial officers, including its principal financial officer and principal accounting officer.
E) The Sarbarnes-Oxley Act applies only to private companies, requiring them to adapt a Code of Ethics.

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