The passage of the Sarbanes-Oxley Act of 2002 resulted in which of the following?
A) More relaxed accounting practices in business
B) More stringent accounting practices in business
C) Exemption of smaller businesses from adhering to stringent accounting practices
D) Exemption of larger businesses from adhering to stringent accounting practices

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 was enacted to improve the accuracy and reliability of corporate disclosures, thereby implementing more stringent accounting practices in business.

The Passage of the Sarbanes-Oxley Act of 2002 Resulted in Which