Question

Which of the following legislation has increased the responsibilities on ethics officers and boards of directors to monitor financial reporting?a. Sarbanes-Oxley Act.b. Robinson Patman Act.c. Ethics Officer Responsibility Act.d. Sherman Antitrust Acte. Enron Financial Responsibility Act.

Answer 1

Answer: Option (A) is correct.

Explanation:

The Sarbanes-Oxley Act is commonly known as a federal law that entrenched all-encompassing  auditing and regulations(financial) for organization that are considered to be public. This legislation helps to protect workers, shareholders, and the state from errors that usually occur in accounting and fraudulent practices.