The Sarbanes Oxley Act of 2002 Is Intended To

question 12

Multiple Choice

The Sarbanes Oxley Act of 2002 is intended to:

• A) protect financial managers from investors.
• B) not have any effect on foreign companies.
• C) reduce corporate revenues.
• D) protect investors from corporate abuses.
• E) decrease audit costs for U.S. firms.

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Definitions:

Primary Objectives

The main or most important goals, purposes, or targets that an individual, group, or organization aims to achieve.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior.

Harmony

A state of agreement or concord in relationships or musical notes producing a pleasing effect.

Stability

Refers to the state of being steady and not prone to change, often indicating reliability or consistency in various contexts.