Question

Select the correct answer from each drop-down menu. In which year was Sarbanes-Oxley Act passed and what was its main objective? The Sarbanes-Oxley Act was passed in . Its main objective is to drive improvements in companies’ internal controls to safeguard .

Answer 1

The Sarbanes-Oxley Act was passed in 2002. Its main objective is to drive improvements in companies’ internal controls to safeguard investor interest.

Step-by-step explanation:

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Answer 2

1. Sarbanes- Oxley Act was passed into law in 2002, precisely in July 2002.

2. Its main objective is to restore investors' confidence in the financial markets.

Step-by-step explanation:

The U.S. law that makes corporate financial disclosures more reliable and accurate is known as the Sarbanes-Oxley Act of 2002 or the Public Company Accounting Reform and Investor Protection Act of 2002. It followed the financial disasters (of Enron and Worldcom). It primary purpose was to restore investors' confidence in the financial markets, especially with respect to audits.