The _______________ of 2002 was enacted directly following high-profile accounting scandals involving Enron,WorldCom,Tyco and other companies that cost investors billions during the early 2000s.
A) Dodd-Frank Act
B) Sarbanes-Oxley Act
C) Civil Rights Act
D) False Claims Act
E) none of the above

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 was enacted in response to the accounting scandals involving Enron, WorldCom, Tyco, and other companies. It aimed to improve corporate governance and increase transparency in financial reporting to protect investors. The Dodd-Frank Act, Civil Rights Act, and False Claims Act are unrelated to this issue.

The _______________ of 2002 Was Enacted Directly Following High-Profile Accounting