Which of the following statements is not true regarding the Sarbanes-Oxley Act (SOX) of 2002?

a. Made it difficult for companies to hide wrongdoing

b. The Act calls for decreased independence of outside auditors reviewing corporate financial statements.

c. Forced increased oversight of companies

b. The Act calls for decreased independence of outside auditors reviewing corporate financial statements.

Explanation:

The Sarbanes-Oxley Act (SOX) of 2002 is a legislation fashioned and passed to oversee the financial reporting system for financial professional.

The purpose is to check the audit requirements in a bid to protect investors in improving the reliability and accuracy of financial statements in terms of corporate disclosures.

Considering the spirit behind the act, the right option (which is not true of the act) is that it the Act calls for decreased independence of outside auditors reviewing corporate financial statements.

Option B.