Ask Question
BusinessBusiness
29 January, 01:36

Instances of fraud and misconduct caused the government to implement which piece of

legislation?

O

General Accepted Accounting Principles

International Financial Reporting Standards

O

Sarbanes-Oxley Act

O

Miller-Townsend Act

+4
Answers (1)
  1. 29 January, 01:42
    0
    The answer is Sarbanes-Oxley Act.

    Explanation:

    The Sarbanes-Oxley Act is a legislation that was signed into law by President Bush on the 30th of July, 2002. The purpose of the Act is to supervise the financial reporting environment for finance professionals.

    The Sarbanes-Oxley Act was passed when it was discovered that there were accounting scandals at Enron, WorldCom, Global Crossing, Tyco and Arthur Andersen. These scandals caused the losses of billions of dollars of corporate and investors' money and this resulted in the lack of trust by investors in the financial markets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Instances of fraud and misconduct caused the government to implement which piece of legislation? O General Accepted Accounting Principles ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Select the correct answer from each drop-down menu. What are the categories of personal accounts in banks? Personal accounts in banks can be either accounts or accounts.
Answers (1)
Dvorak Company produces a product that requires 5 standard pounds per unit. The standard price is $2.50 per pound. If 1,000 units required 4,500 pounds, which were purchased at $3.
Answers (1)
Why do countries most often create trade agreements? to limit imports to reduce tariffs to establish quotas to decrease competition
Answers (1)
Is defined by the icm as a disruption in the company's business that occurs without warning and is likely to generate news coverage and may adversely impact employees, investors, customers, suppliers, and other stakeholders?
Answers (1)
Depreciation on the company's equipment for 2017 is computed to be $18,000. the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage.
Answers (1)
New Questions in Business
Planning for post-production support should begin after the system is deployed as specific support problems arise. a) True b) False
Answers (1)
Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. The cost of capital is 20 percent.
Answers (1)
Spencer Co. has a $350 petty cash fund. At the end of the first month the accumulated receipts represent $58 for delivery expenses, $187 for merchandise inventory, and $27 for miscellaneous expenses. The fund has a balance of $78.
Answers (2)
Pita Pal sells fast-food franchises. Pita Pal receives $83,000 from a new franchisee for providing initial training, equipment, and furnishings that together have a stand-alone selling price of $83,000.
Answers (1)
The accounts receivable credit column of the cash receipts journal is A. posted by individual amounts only at the end of the month. B. not posted. C. posted in summary only at the end of the month. D.
Answers (1)
Home » Business » Instances of fraud and misconduct caused the government to implement which piece of legislation? O General Accepted Accounting Principles International Financial Reporting Standards O Sarbanes-Oxley Act O Miller-Townsend Act
Sign Up Forgot Password?