Asked by Morgan Jones on Jul 08, 2024
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The Sarbanes-Oxley Act was enacted to reduce the number of unethical business decisions by requiring the accountability of publicly traded companies.
Sarbanes-Oxley Act
A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.
Unethical Business Decisions
Choices made in business practices that are morally wrong, illegal, or fall outside of accepted moral guidelines or standards.
Publicly Traded Companies
Companies whose shares are listed on a stock exchange and can be bought and sold by the public.
- Understand the impact of laws, such as the Sarbanes-Oxley Act, on promoting ethical business practices.
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Learning Objectives
- Understand the impact of laws, such as the Sarbanes-Oxley Act, on promoting ethical business practices.
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