All of the following statements are false about the Sarbanes-Oxley Act except
A) it does not apply to publicly traded companies.
B) it shields chief executives from criminal penalties.
C) it prevents the SEC from drawing up certain rules.
D) its primary goal is to regulate financial reporting and the accounting profession.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was enacted to improve the accuracy and reliability of corporate disclosures and to protect investors by enhancing the quality of financial reporting and the accounting profession.

All of the Following Statements Are False About the Sarbanes-Oxley