Question

The ________ Act of 2002 brought a number of reforms to enhance corporate responsibility, enhance financial disclosures, and combat accounting fraud due to dishonesty in companies such as Enron and Tyco.

a. Sarbanes-Oxley
b. Dodd-Frank
c. Gramm-Leach-Bliley
d. Patriot

Answer 1

The Sarbanes-Oxley Act of 2002 brought reforms to enhance corporate responsibility, financial disclosures, and combat accounting fraud.

Step-by-step explanation:

The Sarbanes-Oxley Act of 2002 brought a number of reforms to enhance corporate responsibility, enhance financial disclosures, and combat accounting fraud due to dishonesty in companies such as Enron and Tyco. The Act was designed to increase confidence in financial information provided by public corporations to protect investors from accounting fraud.