The Sarbanes-Oxley Act Was Passed in Response to a Series

question 43

Essay

The Sarbanes-Oxley Act was passed in response to a series of financial and accounting scandals. The purpose of the Act was to bolster corporate governance and restore confidence in the financial reporting system. Describe one of the new things that the management of a U.S. public corporation is required to do under this act.

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Definitions:

Social Relationships

Connections between individuals in a society, formed by emotional bonds and interactions, which can significantly influence behavior and well-being.

Buffer

A means or mechanism that reduces the impact of external changes or stresses, maintaining stability in a system or process.

Stress

A physical, mental, or emotional reaction to external pressures or demands that can affect an individual's overall sense of well-being.

Stress Related Disease

Health conditions that are directly or indirectly caused by or exacerbated by stress.