Posted: May 27th, 2017

Identify the statement that accurately describes the Sarbanes-Oxley Act. Unlike other Acts, its violations do not result in fines or prosecutions.

Identify the statement that accurately describes the Sarbanes-Oxley Act. Unlike other Acts, its violations do not result in fines or prosecutions. It was passed to promote business ethics by creating legal requirements. Complying with the Act saves time and money, but deteriorates efficiency. It requires businesses to have only company insiders as board directors.