The Sarbanes-Oxley Act Was Passed To

question 20

Multiple Choice

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 are correct.

---

Definitions:

Commitment

The state of being dedicated to a course of action or to each other in the context of agreements or relationships.

Projection

A psychological defense mechanism where an individual attributes their own unacceptable feelings, thoughts, or motives onto another person.

Frames

Cognitive structures that shape how individuals perceive and interpret information, often influencing the manner in which problems, situations, or events are viewed.

Bargainers

Individuals or parties involved in negotiations, attempting to reach an agreement that meets their interests.