The _________ is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms.
A)Javits-Wagner-O'Day Act
B)Sarbanes-Oxley Act
C)Gold Standard Act
D)Class Action Fairness Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act of 2002, was passed after corporate financial scandals such as Enron and WorldCom in the early 2000s. It sets higher ethical standards for public corporations and accounting firms, including requirements for financial reporting, auditor independence, and corporate governance.

The _________ Is Federal Legislation Passed in 2002 That Sets