Question

In 2002, President George W. Bush signed the Sarbanes-Oxley Act, which intended to deter corporate fraud and to hold business executives accountable for their actions. T/F

a) True
b) False

Answer 1

The correct answer is option a) True.

Step-by-step explanation:

The statement that President George W. Bush signed the Sarbanes-Oxley Act in 2002 with the intent to discourage corporate fraud and hold business executives accountable is true. This piece of legislation came about as a direct response to a series of accounting scandals involving high-profile companies such as Enron, Tyco International, and WorldCom.

The Sarbanes-Oxley Act was designed to restore public confidence in the financial statements of public corporations and to protect investors from fraudulent accounting activities by increasing transparency and accountability in corporate governance.