The Sarbanes-Oxley Act was designed to do which of the following?

a. Provide refunds to bank customers for overdraft fees

b. Regulate shareholder dividend maximums

c. Regulate corporate profits

d. Require accountability measures for publicly traded companies

e. Create confidential systems for fraud reporting within a publicly traded company

f. Reduce corporate frau

Question

Business

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18 May, 09:01

The Sarbanes-Oxley Act was designed to do which of the following?

a. Provide refunds to bank customers for overdraft fees

b. Regulate shareholder dividend maximums

c. Regulate corporate profits

d. Require accountability measures for publicly traded companies

e. Create confidential systems for fraud reporting within a publicly traded company

f. Reduce corporate frau

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Answers (1)

Know the Answer?

Eliezer Weiss · Answer 1

E) Create confidential systems for fraud reporting within a publicly traded company

Explanation:

The Sarbanes-Oxley Act was created to Crack directly down corporate fraud. The Act strengthens the independence and financial literacy of corporate boards and it establishes financial regulations for public companies