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.