Question

The Sarbanes–Oxley Act requires public companies to _____.​

a. ​provide a list of possible penalties to be imposed on whistleblowers at all levels

b. ​use renewable sources of energy wherever possible

c. ​donate part of their profit to charitable organizations

d. ​disclose whether they have adopted a code of ethics for senior financial officers

Answer 1

The Sarbanes–Oxley Act requires public companies to disclose if they have a code of ethics for senior financial officers, aiming to protect investors and rebuild confidence after major accounting scandals.

Step-by-step explanation:

The Sarbanes–Oxley Act requires public companies to disclose whether they have adopted a code of ethics for senior financial officers. This requirement is one of the many provisions of the Sarbanes-Oxley Act that were established to increase confidence in financial information provided by public corporations and to protect investors from accounting fraud. The Act was a response to major accounting scandals that shook the financial world, involving corporations such as Enron, Tyco International, and WorldCom.