What is a primary focus of the Sarbanes-Oxley Act?
A) Accounting standards and the registration of securities.
B) Regulation of the continuous reporting by publicly owned companies.
C) Accounting standards and registration of investment companies that engage in investing and trading in securities.
D) Accounting standards and penalties against persons who profit from illegal use of inside information.
E) Regulation of independent audit firms and audit standards.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act primarily focuses on the regulation of independent audit firms and audit standards to enhance corporate governance and financial disclosures in response to financial scandals.

What Is a Primary Focus of the Sarbanes-Oxley Act