In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a

Question

3 years ago

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In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a

certain level of expertise with financial information and mandating that chief executive officers personally certify the accuracy of financial statements. What is the name of this legislation?

Social Studies

1 answer:

Aleksandr-060686 [28] · Answer 1 · 2022-03-26T01:46:01+03:00

Answer:

The Sarbanes-Oxley Act

Explanation:

<u>This law was made to set new or expanded requirements for all United States public company boards, management and accounting firms.</u> Some provisions of the Act also apply to the private companies, for example, the willful destruction of evidence to impede a federal investigation.

In response to accounting scandals in​ 2002, the federal government passed legislation requiring that corporate directors have a

In response to accounting scandals in 2002, the federal government passed legislation requiring that corporate directors have a