The Sarbanes-Oxley Act of 2002 does not apply to
A)public companies with assets over $300 million.
B)public companies with assets under $1 million.
C)privately owned companies.
D)companies established after 2002.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 only applies to publicly traded companies, and therefore does not apply to privately owned companies regardless of their size or when they were established. Option A is incorrect because SOX applies to publicly traded companies, regardless of their assets. Option B is incorrect because SOX applies to publicly traded companies, regardless of their assets. Option D is incorrect because SOX applies to publicly traded companies established before or after 2002.

The Sarbanes-Oxley Act of 2002 Does Not Apply to