The Sarbanes-Oxley Act of 2002 requires that:
A)Executives of publicly-traded companies take responsibility for the accuracy of financial reports.
B)Publicly-traded companies release financial statements on a quarterly basis.
C)Publicly-traded companies notify stockholders if there is any turnover in executive positions.
D)Publicly-traded companies provide a dividend to stockholders at least every other year.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 requires that executives of publicly-traded companies take responsibility for the accuracy of financial reports and the implementation of internal controls. This was put in place in response to several high-profile corporate accounting scandals. The act does not require companies to release financial statements on a quarterly basis, notify stockholders of executive turnover, or provide a dividend to stockholders.

The Sarbanes-Oxley Act of 2002 Requires That