The Sarbanes-Oxley Act of 2002 is also known as:
A)the Employee Protection and Care Act.
B)the Comprehensive Crime Control Act.
C)the Dodd-Frank Wall Street Reform and Protection Act.
D)the Corporate and Criminal Fraud Accountability Act.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 is officially known as the Corporate and Criminal Fraud Accountability Act, but is commonly referred to as Sarbanes-Oxley or SOX for short. It was passed in response to a series of financial scandals involving companies such as Enron and WorldCom, and aimed to improve corporate governance, transparency, and accountability, as well as strengthen criminal penalties for fraudulent activity.

The Sarbanes-Oxley Act of 2002 Is Also Known As