All of the following describe The Sarbanes-Oxley Act except:
A)Is an antifraud law
B)Forces more accurate business reporting and disclosure of GAAP (generally accepted accounting principles)violations.
C)Makes it necessary to find and root out fraud.
D)Has been adopted by all countries in North American and the European Union

Question

Quizplus · Accepted Answer

The statement "Has been adopted by all countries in North American and the European Union" is not accurate. While some countries have implemented similar laws, the Sarbanes-Oxley Act is a US law and has not been adopted by all countries in North America or the European Union.

All of the Following Describe the Sarbanes-Oxley Act Except