The Sarbanes-Oxley Act of 2002 requires that management of publicly traded companies:
A) use investment centers to evaluate top managers.
B) report on the adequacy of the company's internal controls over financial reporting.
C) compensate managers with fixed compensation plans only.
D) eliminate stock options for managerial compensation.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act mandates that management must assess and report on the effectiveness of the company's internal controls over financial reporting to ensure accuracy and prevent fraud.

The Sarbanes-Oxley Act of 2002 Requires That Management of Publicly