Which of the following is a component of the Sarbanes-Oxley Act?
A) Whistleblowers received greater protection from retaliation
B) New penalties for boards of directors if inaccurate or fraudulent financial reporting is found
C) A new public agency that oversees, regulates and inspects accounting firms was founded
D) All of the responses are correct

Question

Quizplus · Accepted Answer

All of the responses are correct. The Sarbanes-Oxley Act includes provisions for whistleblower protection, new penalties for boards of directors in cases of inaccurate or fraudulent financial reporting, and the creation of a new public agency, the Public Company Accounting Oversight Board, to oversee and regulate accounting firms.

Which of the Following Is a Component of the Sarbanes-Oxley