In Response to Corporate Scandals Such as Enron and WorldCom,in

Multiple Choice

In response to corporate scandals such as Enron and WorldCom,in 2002 the U.S.Congress passed a law that requires,among other things,that CEOs and CFOs certify the accuracy and appropriateness of their firm's financial statements and increases the penalties against them if the financial statements later prove to be fraudulent.The name of this act is

A) the Glass-Steagall Act.
B) the Sarbanes-Oxley Act.
C) the Accuracy in Accounting Act.
D) the McCain-Feingold Act.