The ______ requires companies to file paperwork with the Securities and Exchange Commission faster,to create a more transparent means of collecting and posting financial data,and to test their procedures for posting accurate,timely information.
A) International Organizations Immunity Act
B) Interest Equalization Act
C) Sarbanes-Oxley Act
D) Smoot-Howley Act

Question

Quizplus · Accepted Answer

The description provided in the question matches the provisions of the Sarbanes-Oxley Act, which was passed in 2002 to improve corporate governance and financial reporting practices in the wake of accounting scandals such as Enron and WorldCom. The International Organizations Immunity Act relates to granting legal immunity to international organizations, the Interest Equalization Act relates to regulating interest rates on international transactions, and the Smoot-Howley Act relates to introducing tariffs and trade barriers during the Great Depression.

The ______ Requires Companies to File Paperwork with the Securities