The Sarbanes-Oxley Act of 2002 resulted in ________.
A) tightened audit regulations and controls
B) toughened penalties against overcompensated executives
C) lenient penalties against executives who commit corporate fraud
D) delayed disclosure of stock sales by corporate executives

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 resulted in tightened audit regulations and controls to restore investor confidence in the wake of accounting scandals such as Enron and WorldCom. It established the Public Company Accounting Oversight Board (PCAOB) and required certification of financial statements by CEOs and CFOs.

The Sarbanes-Oxley Act of 2002 Resulted in ________