Question

The Sarbanes-Oxley Act of 2002 holds a public company's __________ responsible for the accuracy of the company's financial statements.

a. internal auditors
b. external legal counsel
c. managers
d. Securities and Exchange Commission agent
e. internal legal counsel

Answer 1

The Sarbanes-Oxley Act of 2002 holds a public company's managers responsible for the accuracy of the company's financial statements.

Step-by-step explanation:

The Sarbanes-Oxley Act of 2002 holds a public company's managers responsible for the accuracy of the company's financial statements.

This act was passed in response to major accounting scandals such as Enron, Tyco International, and WorldCom, which revealed fraudulent financial reporting and lack of accountability.

By holding managers responsible, the act aims to increase transparency and protect investors from inaccurate or misleading financial information.