The Sarbanes-Oxley bill is intended to achieve which of the following:
A) Auditor independence
B) Corporate responsibility
C) Improved financial disclosure
D) Increased penalties for fraudulent behavior
E) All of the above

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley bill was intended to achieve all of the above, which includes auditor independence, corporate responsibility, improved financial disclosure, and increased penalties for fraudulent behavior. It was enacted in response to several corporate accounting scandals that shook investor confidence in the early 2000s, such as Enron and WorldCom. The bill aims to increase transparency and accountability in financial reporting, ultimately protecting investors and the public.

The Sarbanes-Oxley Bill Is Intended to Achieve Which of the Following