question archive What action did the U
What action did the U
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What action did the U.S. Congress take because of the audit failures at Enron. WorldCom and other companies?
a. Required publicly-traped companies to be audited by a government agency
b. Passed the Sarbanes-Oxley Act
c. Required companies to begin preparingan additional financial statement
d. Passed an amendment to the Securities and Exchange Act
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Answer:
b. Passed the Sarbanes-Oxley Act
Explanation:
The Sarbanes-Oxley Act of 2002 was passed by Congress in response to widespread corporate fraud and failures.
