Following high-profile corporate scandals including Enron and WorldCom,Congress passed a set of legislations known as _________________,which requires the disclosure of the presence or absence of a Code of Ethics for senior financial officers.
A) the Sarbanes-Oxley Act
B) the Corporate Code of Conduct
C) the Federal Sentencing Guidelines
D) the Human Resource Management Code
E) none of the above

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed by Congress in response to high-profile corporate scandals and it requires the disclosure of the presence or absence of a Code of Ethics for senior financial officers. The other options listed are not directly related to this legislative requirement.

Following High-Profile Corporate Scandals Including Enron and WorldCom,Congress Passed a Set