Question

The Sarbanes-Oxley Act was created in response to corporate accounting scandals in the early 21st century to reform the accounting industry, particularly in regards to auditing and internal controls.
A. True
B. False

Answer 1

Answer:

The answer is "Option A"

Explanation:

In this Act, the U.S. Congress in 2002 to financing offers against the risk of corporate accounting fraud. To enhance account statements on firms as well as reduce financial crimes, its Sarbanes Oxley Act (SOX) authorized information pertinent.

• The SOX has been introduced in the early 2000s throughout responding to its accounting irregularities.

• The Shareholder commitment within financial reports has been shattered by controversies in everything from Enron, Tyco, and WorldCom and a rewrite in regulatory requirements.