Answer:
Sarbanes-Oxley Act of 2002
Explanation:
The Sarbanes-Oxley act of 2002 is a federal law put in place to ensure auditing and financial regulations of public companies. The act was made to also protect shareholders, employees and fraudulent accounting practices or errors.
This act was extended to private companies in the event of fraud accusations and also ensure that no one can take actions against an employee who reports fraudulent practices to a public official.
I hope this helps.
Answer:
The Sarbanes-Oxley Act1 of 2002
Explanation:
The Sarbanes-Oxley Act1 of 2002 comes after every act of corporate fraud. It created the Public Company Accounting Oversight Board to oversee the accounting industry. It banned company loans to executives and gave job protection to employees that are whistleblowers. The Act gives power to the independence and financial literacy of corporate boards. It holds CEOs personally accountable for errors in accounting audits.
