The Sarbanes-Oxley Act (SOX)was passed by Congress in 2002,in response to:
A)financial scandals,including WorldCom and Enron.
B)financial scandals,including Bernie Madoff and AIG.
C)financial scandals,including General Motors and Chrysler.
D)the Troubled Asset Relief Program (TARP).

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act (SOX) was passed by Congress in 2002 in response to a series of high-profile financial scandals, including Enron and WorldCom, that involved corporate fraud and other illegal activities. The purpose of SOX was to increase transparency and accountability in financial reporting and to improve protections for investors.

The Sarbanes-Oxley Act (SOX)was Passed by Congress in 2002,in Response