Which of the following is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms?
A) The Javits -Wagner -O'Day Act
B) The Gold Standard Act
C) The SarbanesOxley Act
D) Class Action Fairness Act

Question

Which of the following is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms?
A) The Javits -­Wagner­ -O'Day Act
B) The Gold Standard Act
C) The Sarbanes­Oxley Act
D) Class Action Fairness Act

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in 2002 and aimed to set higher ethical standards for public corporations and accounting firms in response to several major corporate and accounting scandals. The other options listed are not related to this topic.

Which of the Following Is Federal Legislation Passed in 2002