Ask Question
24 May, 08:48

Which of the following is not a reason that Congress passed the Sarbanes-Oxley Act of 2002? a. To require companies to maintain strong and effective internal controls over the preparation of financial statements b. To answer the public outcry related to the financial scandals of the early 2000s c. To regulate private companies d. To require companies to maintain strong and effective internal controls over the recording of financial transactions

+2
Answers (1)
  1. 24 May, 10:16
    0
    Option A.

    Explanation:

    To regulate private companies, is the right answer.

    The Sarbanes-Oxley Act of 2002 is a federal law of the United States that placed new or extended terms for all public company boards, supervision and public accounting firms of the United States. Several requirements of the Act also refer to privately owned businesses, such as the deliberate damage of testimony to prevent national research. Given all the options were reasons for the enactment of the act except option A.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is not a reason that Congress passed the Sarbanes-Oxley Act of 2002? a. To require companies to maintain strong and ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers