The impact of the Sarbanes-Oxley Act has been substantial on the governance processes of the firm, but overall firm strategy has been unaffected.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act has had an impact on not only governance processes but also on firm strategy. The act requires firms to disclose more information and have stronger internal controls, which can affect strategic decision-making. The act also imposes penalties for noncompliance and has increased the focus on ethical behavior, which can also impact a firm's strategy.

The Impact of the Sarbanes-Oxley Act Has Been Substantial on the Governance