Much of the recent legislative and regulatory changes within the U.S. such as the Sarbanes-Oxley Act and related SEC rulings are in an effort to hold various corporate governance participants to greater levels of accountability and to create an environment where the risk of fraud is mitigated, at least to levels below the materiality threshold.

Question

Quizplus · Accepted Answer

The statement correctly describes the purpose of legislative and regulatory changes such as the Sarbanes-Oxley Act and related SEC rulings. The aim is to increase accountability among corporate governance participants and reduce the risk of fraud to levels below the materiality threshold.

Much of the Recent Legislative and Regulatory Changes Within the U.S