Accounting scandals at ________ led to the passage of the Sarbanes-Oxley Act.
A) Fannie Mae and Freddie Mac
B) Worldcom and Enron
C) Ernst & Young and KPMG
D) Deloitte and PricewaterhouseCoopers
E) Merrill Lynch and Lehman Brothers

Question

Quizplus · Accepted Answer

After the accounting scandals of Enron and Worldcom in the early 2000s, Congress passed the Sarbanes-Oxley Act, which required firms to be more rigorous in their accounting and reporting practices.

Accounting Scandals at ________ Led to the Passage of the Sarbanes-Oxley