The Sarbanes-Oxley Act of 2002 is primarily focused on ________ reform.
A) accounting
B) direct marketing
C) advertising
D) channel communication
E) promotions

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 is a US federal law that is mainly focused on accounting and financial reporting reforms for public companies. It was enacted in response to financial scandals such as Enron and WorldCom to enhance corporate accountability and transparency. It includes provisions for the establishment of the Public Company Accounting Oversight Board (PCAOB), increased penalties for fraudulent financial reporting, and requirements for corporate governance and internal control disclosures.

The Sarbanes-Oxley Act of 2002 Is Primarily Focused on ________