Which of the following legislation has increased the responsibilities on ethics officers and boards of directors to monitor financial reporting?
A)Sarbanes-Oxley Act
B)Robinson-Patman Act
C)Ethics Officer Responsibility Act
D)Sherman Antitrust Act
E)Enron Financial Responsibility Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in response to the accounting scandals of Enron, WorldCom, and other companies. This legislation increased the responsibilities of ethics officers and boards of directors to monitor financial reporting, including the establishment of an independent audit committee, CEO and CFO certification of financial statements, and enhanced financial disclosures.

Which of the Following Legislation Has Increased the Responsibilities on Ethics