The Sarbanes-Oxley act was enacted in 2002 to prevent
A) Intruding into a number of high profile computer installations
B) Causing one of the most significant Internet outages ever
C) Stealing commercial information by exploiting weakness is wireless networks
D) Falsification of financial records at publicly traded companies

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley act was enacted to prevent falsification of financial records at publicly traded companies. It was passed in response to high profile financial scandals, such as Enron and WorldCom, where companies were found to have inflated earnings and engaged in fraudulent accounting practices. The act aims to increase transparency and accountability in financial reporting and impose stricter penalties for financial fraud.

The Sarbanes-Oxley Act Was Enacted in 2002 to Prevent