Asked by Janelle Ouzts on Jul 15, 2024
Verified
Which of the following represented a far-reaching change to organizational control and accounting systems, making securities fraud a criminal offense?
A) Foreign Corrupt Practices Act
B) Sarbanes-Oxley Act
C) Consumer Protection Act
D) Defense Industry Initiative on Business Ethics and Conduct
E) Dodd-Frank Wall Street Reform and Consumer Protection Act
Sarbanes-Oxley Act
A U.S. federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures, named after sponsors Senator Paul Sarbanes and Representative Michael Oxley.
Securities Fraud
Illegal practices involving the deception of investors or manipulation of financial markets, often leading to financial loss for investors.
Organizational Control
The processes, structures, and guidelines put in place within an organization to guide the behavior of its members and achieve its objectives.
- Identify the key legislative acts influencing business ethics and corporate governance.
Verified Answer
Learning Objectives
- Identify the key legislative acts influencing business ethics and corporate governance.
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