The Purpose of the Sarbanes-Oxley Act of 2002 Is To

question 74

Multiple Choice

The purpose of the Sarbanes-Oxley Act of 2002 is to:

• A) restore public confidence and trust in the financial statements of publicly held companies.
• B) require all companies to prepare financial statements.
• C) protect companies from demands of investors, stockholders, and creditors.
• D) do all of these.

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Definitions:

Huntington's Disease (HD)

A genetic disorder causing the progressive breakdown of nerve cells in the brain, leading to physical, cognitive, and emotional symptoms.

Phenylketonuria (PKU)

A genetic abnormality in which phenylalanine builds up and causes intellectual disabilities.

Cystic Fibrosis

A fatal genetic disorder in which mucus obstructs the lungs and pancreas.

Multifactorial Problem

An issue or condition that is influenced by multiple factors, often involving both genetic and environmental components.