Sarbanes-Oxley (also known as the Public Company Accounting Reform and Investor Protection Act) is a federal law passed in 2002 that established new or enhanced standards for public companies and accounting firms. Its main goal is to improve transparency and accountability in financial reporting, and it also includes requirements for ethics and governance.

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Sarbanes-Oxley Is

Question 81

Multiple Choice

Sarbanes-Oxley is:

A) a philosophical school that serves society first
B) federal legislation that imposed ethics requirements on corporations
C) an international accounting treaty
D) the former CEO of World.Com

Correct Answer: