Question

Following high-profile corporate scandals including Enron and WorldCom, Congress

passed a set of legislations known as _________________, which requires the
disclosure of the presence or absence of a Code of Ethics for senior financial officers.
a) the Sarbanes-Oxley Act
b) the Corporate Code of Conduct
c) the Federal Sentencing Guidelines
d) the Human Resource Management Code
e) none of the above

Answer 1

Following high-profile corporate scandals including Enron and WorldCom, Congress

passed a set of legislations known as the Sarbanes-Oxley Act which requires the

disclosure of the presence or absence of a Code of Ethics for senior financial officers.

Step-by-step explanation:

The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices.