The Sarbanes-Oxley Act Was Passed in 2002 as a Congress's

Multiple Choice

The Sarbanes-Oxley act was passed in 2002 as a Congress's response to the many situations of fraudulent financial reporting discovered during 2001.The intention of the Act was:

A) Police the accounting firms responsible for auditing the corporations.
B) Punish the companies that had been involved in the cases of fraudulent financial reporting.
C) Establish accounting standards that all companies are to follow.
D) Reform accounting, financial reporting, and auditing functions of companies that are publicly traded.