Because of Sarbanes-Oxley, publicly traded companies must develop _____ to assist in maintaining transparency in financial reporting.

A) ethics officers
B) ethics programs
C) codes of ethics
D) legal counsel
E) accountants

Sarbanes-Oxley

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to securities laws, following financial scandals at companies like Enron and WorldCom.

Publicly Traded Companies

Companies whose shares are publicly exchanged on the stock market, subject to regulatory reporting requirements.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.