The Sarbanes-Oxley Act was passed to
A. prevent fraud at public companies.
B. replace all of the old accounting procedures with new ones.
C. improve the accuracy of the company’s financial reporting.
D. Both A and C

Question

The Sarbanes-Oxley Act was passed to
  A. prevent fraud at public companies. 	
  B. replace all of the old accounting procedures with new ones. 	
  C. improve the accuracy of the company’s financial reporting. 	
  D. Both A and C

anonymous · Answer

@wio @quickstudent @esshotwired @rock_mit182 @tkhunny

rock_mit182 · Answer

I'm sorry i don't know. why don't you try on Economics...?

tkhunny · Answer

Well, it was written to prevent fraud, but this may be accomplished be improving accuracy.  In my experience with Sar-Box, it was written to create a massive burden for honest people because a few cheaters and thieves abused previous accounting practices.