Question

Which of the following was created specifically to combat white-collar crime?

a. The Racketeer Influenced and Corruption Organizations Act
b. The False Claims Act
c. The Sarbanes-Oxley Act of 2002
d. The White-Collar Enforcement Act
e. None of these

Answer 1

c. The Sarbanes-Oxley Act of 2002

Step-by-step explanation:

The Sarbanes-Oxley Act (also Sarbox or SOX) is a United States federal law that created new requirements for all U.S. public company boards, management and public accounting firms. This was enacted in 2002 with the purpose of combating white-collar crime. This act was created due to the scandals that surrounded several firms, such as Enron and WorldCom during that time period.