Which of the following federal laws required companies to exercise greater control over their financial processes?
A) the Gramm-Leach-Bliley Act
B) the Volstead Act
C) the Tower Amendment
D) the Sarbanes-Oxley Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act, was enacted in 2002 to improve corporate financial responsibility and prevent fraudulent accounting practices. It requires companies to establish and maintain internal financial controls and procedures, and to publicly disclose their effectiveness.

Which of the Following Federal Laws Required Companies to Exercise