Flux Corporation is a public company whose shares are traded in the public securities markets.Under the Sarbanes-Oxley Act of 2002,Flux is subject to the direct corporate governance requirements of

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 is a federal law passed by the U.S. Congress following corporate scandals at companies such as Enron and WorldCom. This act establishes new or enhanced standards for all U.S. public company boards, management, and public accounting firms. As Flux Corporation is a public company whose shares are traded in the public securities markets, it is subject to the direct corporate governance requirements of the federal government under this act. Therefore, choice (C) is the best answer.

Flux Corporation Is a Public Company Whose Shares Are Traded