Which standard specifies that all company financial statements and records are compliant with industry standard accounting rules and regulations?
A) PCI
B) IEEE
C) ISO
D) SOX

Question

Quizplus · Accepted Answer

SOX (Sarbanes-Oxley Act) is a law passed by the US Congress in 2002 that requires all publicly traded companies to comply with specific accounting regulations and standards. It sets guidelines for financial reporting and record-keeping and aims to prevent accounting fraud by making company financial statements and records more transparent and accurate.

Which Standard Specifies That All Company Financial Statements and Records