In the United States,the Sarbanes-Oxley Act (SOX)requires businesses to __________________________.
A)Report security breaches via media sources to inform the public
B)Backup sensitive data to offsite locations
C)Set up comprehensive internal controls
D)Inform the public about network failures in a timely manner

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act (SOX) requires businesses to establish and maintain comprehensive internal controls to ensure accurate financial reporting and prevent fraudulent activities. SOX was enacted in response to corporate scandals, such as the Enron and WorldCom scandals, and aims to increase transparency and accountability in business practices. While security breaches and network failures may fall under the purview of SOX, the primary focus is on financial reporting and internal controls. Therefore, options A, B, and D are not the best choices.

In the United States,the Sarbanes-Oxley Act (SOX)requires Businesses to __________________________