Which of the following mandated that firms,starting in 2004,must submit an annual report to the SEC outlining the effectiveness of their internal accounting controls?
A)SEC Amendments Act
B)SIPC
C)Glass-Stegall Act
D)Sarbanes-Oxley Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, passed in 2002, mandated that firms must submit an annual report to the SEC outlining the effectiveness of their internal accounting controls, starting in 2004. This was done in response to accounting scandals, such as Enron and WorldCom, and aimed to increase transparency and corporate accountability.

Which of the Following Mandated That Firms,starting in 2004,must Submit