The Overriding Purpose of the Sarbanes-Oxley Act of 2002 Was

question 92

True/False

The overriding purpose of the Sarbanes-Oxley Act of 2002 was to restore public
confidence in corporate financial statements and to encourage investment in
corporate stocks.

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Definitions:

Establish and Enforce

The process of setting up rules or principles and ensuring their observance by applying penalties for violations.

Authoritative Parents

Parents who are both demanding and responsive, they set clear standards for their children but also encourage independence and are attentive to their needs.

Legalistic

Adhering strictly to the letter or strict interpretation of the law or rules, often disregarding the spirit or intention behind them.

Permissive

A parenting or management style characterized by low demands with high responsiveness.