Which one of the following best describes the primary intent of the Sarbanes-Oxley Act of 2002?
A)Decrease the number of corporations that can be publicly traded
B)Increase the protections against corporate fraud
C)Limit secondary issues of corporate securities
D)Increase the dividends paid to shareholders
E)Increase the number of firms that "go dark"

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 was enacted in response to a number of high-profile corporate scandals, including the Enron and WorldCom scandals. The primary intent of the act was to increase the protections against corporate fraud and to restore investor confidence in the financial markets.

Which One of the Following Best Describes the Primary Intent