The Sarbanes-Oxley Act called for ________.
A) increased pollution control measures from the government
B) more disclosure and transparency of corporate financial information
C) limited accountability of directors and executives of corporations
D) more social contribution from companies in the United States

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in response to the corporate accounting scandals of the early 2000s, such as Enron and WorldCom. It aimed to improve accountability and transparency in corporate financial reporting by requiring more disclosures and creating stricter penalties for fraudulent reporting. The other options listed are not related to the goals of this act.

The Sarbanes-Oxley Act Called for ________