In response to the Sarbanes-Oxley Act, the reporting costs were reduced, and many non-U.S. firms that issued new shares of stock decided to place their stock in the United States.

Question

Quizplus · Accepted Answer

The statement is incorrect. The Sarbanes-Oxley Act increased reporting costs for companies and imposed stricter regulations, which made it more challenging for non-U.S. firms to issue their shares in the United States.

In Response to the Sarbanes-Oxley Act, the Reporting Costs Were