Which of the following is not a reason that Congress passed the Sarbanes-Oxley Act? a.To...

50.1K

Verified Solution

Question

Accounting

Which of the following is not a reason that Congress passed the Sarbanes-Oxley Act?

a.To require companies to maintain strong and effective internal controls over the preparation of financial statements

b.To apply the same controls to private companies as to public companies

c.To answer the public outcry related to the financial scandals of the early 2000s

d.To require companies to maintain strong and effective internal controls over the recording of financial transactions

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students