The Sarbanes-Oxley Act:
A) requires a minimum cash balance.
B) does not allow adjusting entries.
C) states the need to have accurate financial reports.
D) does not allow the use of a worksheet.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act emphasizes the importance of accurate and reliable financial reporting by companies to protect investors from fraudulent accounting activities. It does not specify requirements regarding minimum cash balances, adjusting entries, or the use of worksheets in accounting practices.