Asked by Ja'Nayla Watts on May 05, 2024
Verified
The Sarbanes-Oxley Act requires publicly held companies to implement _________ controls; it was passed to address the _________ crisis.
A) financial; Enron
B) financial; Wells Fargo bank
C) operational; Enron
D) operational; Wells Fargo bank
Sarbanes-Oxley Act
The Sarbanes-Oxley Act (SOX) is a law passed by U.S. Congress in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to securities laws, including those regarding financial statements.
Financial Controls
Procedures, policies, and means by which an organization monitors and manages its financial resources and operations.
- Develop insight into the methods used to secure ethical accountability and liability in organizational settings.
Verified Answer
Learning Objectives
- Develop insight into the methods used to secure ethical accountability and liability in organizational settings.
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