The Sarbanes-Oxley Act requires more accountability by executives and the board of directors when assessing acquisitions.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires more transparency and accountability in financial reporting and business practices, including with regards to mergers and acquisitions. Executives and the board of directors are required to provide more detailed and accurate information about the financial status of the company and any potential risks involved in an acquisition. This is intended to protect investors and prevent fraudulent activities.

The Sarbanes-Oxley Act Requires More Accountability by Executives and the Board