The act enacted to improve corporate accountability and financial reporting is the

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act (SOX), also known as the Public Company Accounting Reform and Investor Protection Act, was enacted in 2002 to improve corporate accountability and financial reporting. The act established new or expanded requirements for public companies and accounting firms, including the creation of the Public Company Accounting Oversight Board (PCAOB) to oversee auditing standards, as well as increased criminal penalties for fraud, among other provisions.

The Act Enacted to Improve Corporate Accountability and Financial Reporting