Which act was proposed by the Securities Exchange Commission in reaction to the accounting scandals at companies like Enron and Worldcom?

Question

Quizplus · Accepted Answer

Sarbanes-Oxley (SOX) was proposed by the Securities Exchange Commission in response to the accounting scandals of Enron and Worldcom. SOX aimed to improve corporate accountability and prevent fraudulent accounting practices by requiring companies to maintain accurate financial records and undergo independent audits.

Which Act Was Proposed by the Securities Exchange Commission in Reaction