The Sarbanes-Oxley Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act imposes responsibility on companies and management to safeguard the accuracy of financial information. It was enacted in response to the financial scandals of companies like Enron and WorldCom in the early 2000s, and is intended to increase transparency and accountability in financial reporting. While the act does address some aspects of information systems security and control, this is not its primary focus. It does not address medical security and privacy rules.