The Sarbanes-Oxley Act also called for more disclosure and transparency of corporate financial information.

Name: The Sarbanes-Oxley Act also called for more disclosure and transparency of corporate financial information.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in 2002 in response to corporate scandals such as Enron and WorldCom. It requires companies to provide more disclosure and transparency in their financial reporting to protect investors and prevent corporate fraud.

The Sarbanes-Oxley Act Also Called for More Disclosure and Transparency