What was the intent of the Sarbanes Oxley Act?
A) It was intended to protect investors from corporate abuses.
B) It was intended to increase corporate social responsibility of publicly listed organizations.
C) It was intended to provide consumer protection on product quality.
D) It was intended to protect employees through better corporate codes of conduct.
E) It was intended to harmonize accounting standards in North America.

Question

Quizplus · Accepted Answer

The Sarbanes Oxley Act was enacted in response to the financial scandals of Enron and Worldcom. Its main purpose was to protect investors from corporate fraud and accounting malpractice by imposing stricter regulations and penalties for non-compliance.

What Was the Intent of the Sarbanes Oxley Act