Some publicly traded banks have incurred larger reporting expenses as a result of having to comply with the Sarbanes-Oxley Act.

Name: Some publicly traded banks have incurred larger reporting expenses as a result of having to comply with the Sarbanes-Oxley Act.
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Question

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The Sarbanes-Oxley Act, enacted in 2002, introduced more stringent financial reporting requirements for publicly traded companies, including banks, leading to increased costs associated with compliance and reporting.

Some Publicly Traded Banks Have Incurred Larger Reporting Expenses as a Result