Asked by Austin Schafer on Sep 30, 2024
Which of the following was created in response to Enron's highly publicized financial scandal and accounting controversy?
A) Racketeer Influenced and Corrupt Organizations Act
B) Sarbanes-Oxley Act of 2002
C) Foreign Corrupt Practices Act
D) Federal Sentencing Guidelines
Sarbanes-Oxley Act of 2002
A U.S. federal law that set new or expanded requirements for all U.S. public company boards, management, and public accounting firms, aiming to protect investors from fraudulent financial reporting.
Enron
An American energy company that collapsed in 2001 amid revelations of widespread corporate fraud and corruption.
- Distinguish between various crime categories, encompassing white-collar offenses, and comprehend applicable laws such as the Sarbanes-Oxley Act.
Learning Objectives
- Distinguish between various crime categories, encompassing white-collar offenses, and comprehend applicable laws such as the Sarbanes-Oxley Act.