In the U.S., corporations must adhere to the disclosure rules as specified by:
A) the PMO.
B) the industry council.
C) Sarbanes-Oxley.
D) the Project Executive.

Question

Quizplus · Accepted Answer

Sarbanes-Oxley Act (often abbreviated as SOX) is a federal law in the United States that specifies strict disclosure and financial reporting rules for corporations. These rules aim to enhance transparency, accuracy, and integrity in financial statements and disclosures made by publicly-traded companies. The act was passed in 2002 and applies to all public companies registered with the Securities and Exchange Commission (SEC), regardless of their size, industry, or location. The other options (A, B, D) are not relevant or applicable in this context.

In the US, Corporations Must Adhere to the Disclosure Rules as Specified