The primary purpose of the Sarbanes-Oxley Act is one of **oversight**.

The Sarbanes-Oxley Act, enacted in 2002, was designed to enhance corporate governance and accountability. It was a response to major corporate scandals, such as Enron and WorldCom, aimed at protecting investors from fraudulent accounting activities by corporations. The act established stricter regulations for public companies and accounting firms, introduced new standards for financial reporting, and increased the penalties for destroying, altering, or fabricating records in federal investigations or for attempting to defraud shareholders. Thus, oversight of corporate financial practices and protection of investors is the act’s principal focus.

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The primary purpose of the Sarbanes-Oxley Act is one of **oversight**.

The Sarbanes-Oxley Act, enacted in 2002, was designed to enhance corporate governance and accountability. It was a response to major corporate scandals, such as Enron and WorldCom, aimed at protecting investors from fraudulent accounting activities by corporations. The act established stricter regulations for public companies and accounting firms, introduced new standards for financial reporting, and increased the penalties for destroying, altering, or fabricating records in federal investigations or for attempting to defraud shareholders. Thus, oversight of corporate financial practices and protection of investors is the act’s principal focus.

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The primary purpose of the Sarbanes-Oxley Act is one of **oversight**.

The Sarbanes-Oxley Act, enacted in 2002, was designed to enhance corporate governance and accountability. It was a response to major corporate scandals, such as Enron and WorldCom, aimed at protecting investors from fraudulent accounting activities by corporations. The act established stricter regulations for public companies and accounting firms, introduced new standards for financial reporting, and increased the penalties for destroying, altering, or fabricating records in federal investigations or for attempting to defraud shareholders. Thus, oversight of corporate financial practices and protection of investors is the act’s principal focus.

The primary purpose of the Sarbanes-Oxley Act is one of Blank______. Multiple choice question.engagementplanningactivityoversight

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The primary purpose of the Sarbanes-Oxley Act is one of Blank______.

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