The Sarbanes-Oxley Act has been an effective tool in the reformation of corporate governance.As a result,it has become widely accepted and adopted by firms internationally.

Question

Quizplus · Accepted Answer

While the Sarbanes-Oxley Act has had an impact on corporate governance, it is primarily a U.S. law and has not been adopted universally by firms internationally. Some countries have implemented similar laws or regulations, but there is not a widespread international adoption of Sarbanes-Oxley.

The Sarbanes-Oxley Act Has Been an Effective Tool in the Reformation