The Sarbanes-Oxley Act legislated penalties for violations of which Act?
A)HIPAA
B)ERISA
C)PRWOR
D)DOMA

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act (SOX) is a US federal law that was enacted in response to the financial reporting scandals that occurred in the early 2000s, such as the Enron scandal. SOX regulates financial reporting and accounting practices, and it requires public companies to establish internal controls over financial reporting. The act created penalties for violations of the Employee Retirement Income Security Act (ERISA), which is a federal law that governs employee benefit plans.

The Sarbanes-Oxley Act Legislated Penalties for Violations of Which Act