The Sarbanes-Oxley Act was passed to:
A) prevent financial statement fraud at public companies.
B) replace inventory accounting procedures.
C) improve the accuracy of the company's financial reporting.
D) Both A and C are correct.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was enacted in response to financial scandals to prevent financial statement fraud and improve the accuracy and reliability of corporate financial reporting among public companies.

The Sarbanes-Oxley Act Was Passed To