The purpose of the ________ is to increase penalties for corporate wrongdoers,establish rules designed to deter and prevent future wrongdoing,and encourage and enable corporate executives to be ethical and socially responsible.

A) Sarbanes-Oxley Act
B) Davis-Bacon Act
C) Goldwater-Nichols Act
D) Certiorari Act

Sarbanes-Oxley Act

A law enacted in 2002 aimed at improving corporate governance and preventing corporate fraud through stringent accounting and auditing regulations.

Corporate Wrongdoers

Companies or their representatives who have engaged in illegal, unethical, or improper conduct.

Ethical And Socially Responsible

Conducting oneself or an organization in a manner that is mindful of the welfare of society and operates within ethical standards and principles.