The Primary Purpose of the Sarbanes Oxley Act of 2002

question 53

Multiple Choice

The primary purpose of the Sarbanes Oxley Act of 2002 was to:

• A)protect investors from corporate abuses.
• B)apply restrictions on foreign firms operating in the U.S.
• C)protect financial managers from investors.
• D)decrease audit costs for U.S.firms.
• E)reduce corporate revenues.

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Definitions:

Ethnocentrism

is the belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination against others.

Perspective

A particular attitude towards or way of regarding something; a point of view.

Other Cultures

Refers to cultures or societies that are distinct from one's own, emphasizing diversity in social practices, beliefs, and values.

Othering

A process that defines and secures one's own identity by denigrating someone else or another group that is considered different.