The Sarbanes-Oxley Act is an example of how basic ethical and social responsibility concerns have been codified by laws and regu

Question

grandymaker [24]

3 years ago

6

The Sarbanes-Oxley Act is an example of how basic ethical and social responsibility concerns have been codified by laws and regu

lations.TrueFalse

Social Studies

1 answer:

Lera25 [3.4K] · Answer 1 · 2022-01-24T23:43:36+03:00

Answer:

True

Explanation:The Sarbanes-Oxley Act is specifically enacted for the public corporations,it helps to prevent and put fraudulent activities in check,it was enacted following several corporate fraudulent scandals that occured between the year 2000 to 2002.

THE SARBANES-OXLEY ACT PUTS BASIC ETHICAL STANDARDS IN FINANCIAL MANAGEMENT AND REPORTING IN PUBLIC CORPORATIONS AND CORPORATE SOCIAL RESPONSIBILITY IS CODIFIED INTO THE LAWS OF THE LAND.