The Sarbanes-Oxley Act (SOX) was NOT enacted to
A) help prevent fraud and poor financial reporting practices.
B) ensure the act was applied internationally.
C) enable the SEC to increase its policing efforts.
D) introduce new independence rules for auditors.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was not enacted to ensure the act was applied internationally. Its primary purpose was to enhance corporate accountability and transparency, and to help prevent fraud and poor financial reporting practices. It also introduced new independence rules for auditors and empowered the SEC to increase its policing efforts.

The Sarbanes-Oxley Act (SOX) Was NOT Enacted to