Question

The act that requires certain companies to set up confidential systems so that "red flags" can be raised about suspected illegal and unethical business practices is called the:_______

Answer 1

Answer:

Sarbanes–Oxley Act

Explanation:

Sarbanes – Oxley Act -

It refers to the act , which helps to save the investors , by improving the reliability and the accuracy of the corporate disclosures , is referred to as Sarbanes – Oxley Act  .

It is also known as Corporate and Auditing Accountability, Responsibility, and Transparency Act ,  "Public Company Accounting Reform and Investor Protection Act" .

Hence , from the given information of the question ,

The correct option is Sarbanes–Oxley Act .