alleryStart learning →The Sarbanes-Oxley Act, a response to accounting scandals, was passed in which year?
A2002
B1977
C1993
D2010
Answer & Solution
Correct answer: A. 2002
The United States passed Sarbanes-Oxley in 2002 after the Enron and WorldCom failures.
Keep practising Ethics with Accounting Concepts
Browse all Ethics with Accounting Concepts questions for CA Final, or explore more Financialreporting topics.
Related questions
Which is a noted limitation of accounting standards?Since which year have all listed EU companies been required to use IFRS?How is an accrued expense shown on the balance sheet?Accrued revenue appears on the balance sheet as which item?Which of these is a warning sign about an entity's ability to continue as a going concern?An auditor evaluates going concern for a period of at least how long after the date of theWhich international auditing standard deals with the going concern basis?What may an auditor issue if management wrongly uses the going concern assumption?