The Sarbanes-Oxley Act has had little impact on the monitoring conducted by the board members of commercial banks.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act has significantly impacted the monitoring conducted by board members of commercial banks by imposing stricter oversight requirements, enhancing financial disclosures, and increasing the responsibilities of board members to prevent fraud and ensure the accuracy of financial statements.

The Sarbanes-Oxley Act Has Had Little Impact on the Monitoring