The goal of the SarbanesOxley Act was to renew investor's trust in corporate executives and their firm's financial
reports following numerous financial scandals in the early 2000s.

Question

The goal of the Sarbanes­Oxley Act was to renew investor's trust in corporate executives and their firm's financial
reports following numerous financial scandals in the early 2000s.

Quizplus · Accepted Answer

The Sarbanes-Oxley Act was passed in 2002 in response to a number of high-profile corporate scandals (such as Enron, WorldCom, and Tyco) that had eroded investor trust in the accuracy and transparency of financial reporting by public companies. The act was intended to increase transparency, accountability, and ethics in corporate governance and improve the quality and reliability of financial reporting by publicly traded companies in the United States.

The Goal of the Sarbanes­Oxley Act Was to Renew Investor's

The Goal of the SarbanesOxley Act Was to Renew Investor's