Which law was passed to address perceived public accounting problems?

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed to address perceived public accounting problems and to increase the transparency and accountability of publicly traded companies. It established the Public Company Accounting Oversight Board (PCAOB) to oversee the auditing of public companies and implemented a range of regulations aimed at ensuring the accuracy and integrity of financial reporting. The other options listed (Burton-Helms Act, Berne Convention, Hays-Douglas Act) are not directly related to public accounting problems.

Which Law Was Passed to Address Perceived Public Accounting Problems