The purpose of this 2002 act was to improve financial reporting and reinforce the importance of corporate ethics.
A)Foreign Corrupt Practices Act
B)Sarbanes-Oxley Act
C)Securities and Exchange Act
D)Treadway Act

Question

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The Sarbanes-Oxley Act, passed in 2002, was meant to hold corporations more accountable by improving financial reporting and enforcing ethical behavior. The act established new requirements for financial disclosures and increased penalties for fraudulent activities. The Foreign Corrupt Practices Act (A) was implemented in 1977 to combat bribery of foreign officials, the Securities and Exchange Act (C) was passed in 1934 and established the SEC to regulate securities markets, and the Treadway Act (D) was enacted in 1987 to provide recommendations for internal control within companies.

The Purpose of This 2002 Act Was to Improve Financial