The _____ is a piece of U.S. legislation that raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.
A) Civil Rights Act
B) Fair Labor Standards Act
C) Sherman Antitrust Act
D) Norris-LaGuardia Act
E) Sarbanes-Oxley Act

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act is the piece of legislation that specifically addresses executive and board responsibility, imposing criminal penalties for accounting and financial misconduct. It was enacted in response to major corporate and accounting scandals to protect investors by improving the accuracy and reliability of corporate disclosures.

The _____ Is a Piece of U