The Sarbanes-Oxley Act ensures a more transparent process for managers to report on the productivity and financial condition of their firm.

Question

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The Sarbanes-Oxley Act, passed in 2002, aimed to improve corporate governance and financial transparency. The act mandates that managers are accountable for the accuracy of their reports and that they disclose relevant financial information to the public. Therefore, the act ensures a more transparent process for managers to report on the productivity and financial condition of their firm.

The Sarbanes-Oxley Act Ensures a More Transparent Process for Managers