Because of the major accounting and fraud scandals in the early 2000s against major business such as Enron, WorldCom, Global Crossing, and Arthur Andersen, which of the following federal legislative actions was passed?
A) RICO.
B) The False Claims Act.
C) The Imminent Harm to People Act.
D) The Fraud Recovery Act.
E) The Sarbanes-Oxley Act.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in response to the major accounting and fraud scandals in the early 2000s, including those involving Enron and WorldCom, to protect investors from the possibility of fraudulent accounting activities by corporations.

Because of the Major Accounting and Fraud Scandals in the Early