Which of the following represented a far-reaching change to organizational control and accounting systems, making securities fraud a criminal offense?
A)Foreign Corrupt Practices Act
B)Sarbanes-Oxley Act
C)Consumer Protection Act
D)Defense Industry Initiative on Business Ethics and Conduct
E)Dodd-Frank Wall Street Reform and Consumer Protection Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in the wake of corporate scandals, such as Enron and WorldCom, and represented a significant change in organizational control and accounting systems. It created new criminal penalties for securities fraud and improved the accuracy and reliability of corporate disclosures.

Which of the Following Represented a Far-Reaching Change to Organizational