This act that was passed in 2002, ensures more accurate disclosure of a companys financial information:

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

This act that was passed in 2002, ensures more accurate disclosure of a company’s financial information:

A	The Dodd-Frank Wall Street Reform and Consumer Protection Act
B	The Truth in Lending Act
C	The Sabanes-Oxley Act

Explanation:

Detailed explanation-1: -The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices.

Detailed explanation-2: -The Sarbanes-Oxley Act of 2002 mandates that audit committees be directly responsible for the oversight of the engagement of the company’s independent auditor, and the Securities and Exchange Commission (the Commission) rules are designed to ensure that auditors are independent of their audit clients.

There is 1 question to complete.