Final answer:
The statement that the Sarbanes-Oxley Act has a provision to protect whistleblowers is true. It was created in response to major corporate scandals to ensure accurate financial disclosure and to protect investors.
Step-by-step explanation:
The statement that the Sarbanes-Oxley Act has a provision to protect whistleblowers is true. This act was established in response to major accounting scandals involving corporations such as Enron, Tyco International, and WorldCom.
The Sarbanes-Oxley Act, enacted in 2002, includes a range of whistleblower protections to combat corporate fraud and protect investors by ensuring that public corporations provide accurate financial information.
Additionally, it reinforces confidence in the financial markets by ensuring that those who disclose improper practices are not subject to retaliation.