The Sarbanes-Oxley Act is primarily intended to increase public scrutiny of private companies that had previously been exempt from many public disclosure requirements.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was primarily intended to increase public scrutiny of publicly traded companies, not private companies. Private companies still have exemptions from many public disclosure requirements.

The Sarbanes-Oxley Act Is Primarily Intended to Increase Public Scrutiny