Question

In response to accounting scandals in​ 2002, the federal government passed legislation requiring that corporate directors have a certain level of expertise with financial information and mandating that chief executive officers personally certify the accuracy of financial statements. What is the name of this​ legislation?

Answer 1

The Sarbanes-Oxley Act

Step-by-step explanation:

This law was made to set new or expanded requirements for all United States public company boards, management and accounting firms. Some provisions of the Act also apply to the private companies, for example, the willful destruction of evidence to impede a federal investigation.