In what way does the Sarbanes-Oxley Act of 2002 strengthen the effects of the Dodd-Frank Act of 2010?
A) It increases whistleblower involvement by strengthening protections for whistleblowers reporting under Dodd-Frank.
B) It increases the severity of the penalties against companies charged with fraud under Dodd-Frank.
C) It widens the scope and definition of fraud that can be reported by whistleblowers.
D) It allowed companies to fire whistleblowers only when giving financial compensation far beyond a typical severance payment.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 predates the Dodd-Frank Act of 2010 and cannot directly strengthen its effects. However, it does complement Dodd-Frank by providing protections for whistleblowers, which encourages more reporting of fraud and misconduct. This synergy between the two acts helps to create a more robust regulatory environment for financial reporting and corporate governance.

In What Way Does the Sarbanes-Oxley Act of 2002 Strengthen