Question

The Sarbanes-Oxley Act was passed in an effort to:_________

a. control corrupt corporate financial behavior.
b. protect small business from large corporations dominating the market.
c. ensure that partnerships divide profits among partners in a fair manner
d. guarantee that outside auditors can control corporate accounting practices.
e. a and b above.

Answer 1

Answer:

A)control corporate behavior

Explanation:

Sarbanes-Oxley Act which came up in 2002, can be regarded as Public Company Accounting Reform and Investor Protection Act, is a reform act for public companies and investor protector. Sarbanes-Oxley Act was popped up in U S in order to to get the auditing of public companies fixed. It should be noted that the Sarbanes-Oxley Act was passed in an effort to control corrupt corporate financial behavior.