All of the following describe The Sarbanes-Oxley Act SOX) except:
A) Is an antifraud law
B) Forces more accurate business reporting and disclosure of GAAP generally accepted accounting principles) violations.
C) Makes it necessary to find and root out fraud.
D) Through treaty agreements, has been adopted by all countries in North American and the European Union

Question

Quizplus · Accepted Answer

The statement that the Sarbanes-Oxley Act has been adopted by all countries in North America and the European Union is not accurate. SOX is a US law and does not have treaty agreements with other countries requiring adoption.

All of the Following Describe the Sarbanes-Oxley Act SOX) Except