Asked by Haley Endsley on Sep 28, 2024
Which of the following is not a provision of the Sarbanes-Oxley Act?
A) Strengthens penalties for corporate fraud
B) Developed the Consumer Financial Protection Bureau
C) Requires codes of ethics for financial reporting in corporations
D) Makes fraudulent financial reporting a criminal offense
E) Requires greater transparency in financial reporting
Sarbanes-Oxley Act
A U.S. federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes.
Corporate Fraud
Illegal activities undertaken by individuals or companies in a deceitful manner, intending to gain an unfair advantage.
Financial Reporting
The method of generating reports that reveal a company's financial condition to its management, investors, and governmental bodies.
- Know key provisions of major financial and ethical regulations including the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Learning Objectives
- Know key provisions of major financial and ethical regulations including the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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