The Sarbanes-Oxley Act was passed to:
A)prevent fraud at public companies.
B)replace all of the old accounting procedures with new ones.
C)improve the accuracy of the company's financial reporting.
D)Both A and C are correct.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed to prevent fraud at public companies and improve the accuracy of the company's financial reporting. It requires companies to establish internal controls and procedures for financial reporting to ensure accuracy and to establish penalties for executives who provide false certification of financial statements.

The Sarbanes-Oxley Act Was Passed To