The required publicly traded companies to set up confidential internal systems by April 2003 so that employees and others could have a method of reporting possible illegal or unethical auditing and accounting practices.

Question

Quizplus · Accepted Answer

The requirement to set up confidential internal systems for reporting possible illegal or unethical auditing and accounting practices is a provision of the Sarbanes-Oxley Act. The Whistleblower Protection Act protects federal government employees from retaliation for reporting allegations of violation of laws, rules or regulations. The Glass-Steagall Act, also known as the Banking Act of 1933, separated commercial and investment banking activities. The Homeland Security Act established the Department of Homeland Security.

The Required Publicly Traded Companies to Set Up Confidential Internal