In the US 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 financial scandals, including Enron and WorldCom, which resulted in significant losses for investors and raised concerns about the reliability of financial reporting. The act aimed to improve corporate accountability and transparency, strengthen penalties for financial fraud, and enhance the independence of auditors.

In the US the Sarbanes-Oxley Act (SOX)was Passed by Congress