Question

Flux Corporation is a public company whose shares are traded in the public securities markets. Under the Sarbanes-Oxley Act of 2002, Flux is subject to the direct corporate governance requirements of:_______

a) any other public company with which flux exchanges shares
b) any state in which flux does business
c) the federal government.
d) the state in which flux incorporated

Answer 1

The correct answer is C) the federal government.

Step-by-step explanation:

The Sarbanes-Oxley Act, also known as SarOx or SOA, is the law that regulates accounting and auditing financial functions and severely penalizes corporate and white-collar crime. Due to the multiple frauds, administrative corruption, conflicts of interest, negligence and bad practice of some professionals and executives who, knowing the codes of ethics, succumbed to the attractiveness of making easy money and through companies and corporations deceiving partners , employees and interest groups, including their customers and suppliers.

The application and interpretation of this law has generated multiple controversies, one of which is extraterritoriality and international jurisdiction, which has created panic in the global financial system, especially in banks with correspondents in the United States and multinational companies listed on the stock exchange. New York stock.