The Sarbanes-Oxley act applies to
A) Internal control over financial reporting by publicly traded companies
B) Internal control over financial reporting by all financial entities
C) Privacy of healthcare information
D) External audits of publicly traded companies

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley act was passed in 2002 and its main purpose is to protect investors by improving the accuracy and reliability of corporate disclosures. It specifically applies to publicly traded companies and requires them to establish and maintain internal controls over financial reporting to ensure that their financial statements are accurate and reliable. Therefore, choice A is the correct answer.

The Sarbanes-Oxley Act Applies to