tastasticupcake4687 tastasticupcake4687
  • 04-03-2020
  • Social Studies
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The Sarbanes-Oxley Act is an example of how basic ethical and social responsibility concerns have been codified by laws and regulations.TrueFalse

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osondumartins
osondumartins osondumartins
  • 06-03-2020

Answer:

True

Explanation:The Sarbanes-Oxley Act is specifically enacted for the public corporations,it helps to prevent and put fraudulent activities in check,it was enacted following several corporate fraudulent scandals that occured between the year 2000 to 2002.

THE SARBANES-OXLEY ACT PUTS BASIC ETHICAL STANDARDS IN FINANCIAL MANAGEMENT AND REPORTING IN PUBLIC CORPORATIONS AND CORPORATE SOCIAL RESPONSIBILITY IS CODIFIED INTO THE LAWS OF THE LAND.

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