Spectrum Paints Inc.is a public company whose shares are traded in the public securities markets.Under the Sarbanes-Oxley Act of 202,the firm is subject to the direct corporate governance requirements of

Question

Spectrum Paints Inc.is a public company whose shares are traded in the public securities markets.Under the Sarbanes-Oxley Act of 202,the firm is subject to the direct corporate governance requirements of​

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 is a federal law that establishes or enhances standards for public companies in the United States. As a public company, Spectrum Paints Inc. is subject to the direct corporate governance requirements of the federal government, which include accounting disclosures, internal controls, and the responsibilities of corporate officers and boards of directors.