The Sarbanes-Oxley Act was passed in an effort to
A) protect small business from large corporations dominating the market.
B) ensure that partnerships divide profits among partners in a fair manner.
C) guarantee that outside auditors can control corporate accounting practices.
D) control corrupt corporate financial behavior.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed to control corrupt corporate financial behavior after a series of high-profile corporate scandals in the early 2000s, such as Enron and WorldCom. The act created stricter regulations for financial reporting and increased penalties for fraudulent activity.

The Sarbanes-Oxley Act Was Passed in an Effort to