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Which of the following acts affects all public companies subject to US security laws?
Suggested Answer: B
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35 comments · newest first
AD
Adela
11 months ago
Sarbanes-Oxley was enacted after Enron scandal, right?
LU
Lucina
11 months ago
Wait, are we sure it’s not Gramm-Leach-Bliley?
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Estrella
11 months ago
Yeah, Sarbanes-Oxley is the one that impacts all public companies.
SH
Shawn
12 months ago
I thought HIPAA was more about health info, not public companies.
LA
Lashunda
12 months ago
Definitely the Sarbanes-Oxley Act!
NA
Natalie
1 year ago
I’m leaning towards the Sarbanes-Oxley Act too, but I wonder if there are any exceptions I might be forgetting.
LA
Latrice
1 year ago
I feel like HIPAA is more about healthcare privacy, so it probably wouldn’t be the right answer here.
ME
Melvin
1 year ago
I remember studying the Gramm-Leach-Bliley Act, but I don’t think it applies to all public companies like Sarbanes-Oxley does.
CA
Cassie
1 year ago
I think the Sarbanes-Oxley Act is the one that affects public companies, but I’m not entirely sure if it covers all of them.
KA
Karma
1 year ago
I'm pretty confident the answer is C, the Sarbanes-Oxley Act. That's the major piece of legislation that regulates public companies in the US. I'll mark that one and move on.
JA
Jani
1 year ago
Wait, is it the Gramm-Leach-Bliley Act? I remember that one had some provisions for public companies, but I'm not sure if it affects all of them. I'll have to review my study materials again.
CY
Cyril
1 year ago
Hmm, I'm a little unsure about this one. I know the Sarbanes-Oxley Act is related to public companies, but I can't remember if it affects all of them. I'll have to think this through carefully.
AN
Annette
1 year ago
This looks like a straightforward question about US securities laws. I'm pretty confident I know the answer, but I'll double-check my notes just to be sure.
ST
Stephane
1 year ago
Okay, I think I've got this. The Sarbanes-Oxley Act is the one that imposes strict financial reporting and internal control requirements on all public companies in the US. That's the answer I'm going with.
ME
Merilyn
1 year ago
Okay, I think I know the answer to this one. Let me double-check the options and see if I can identify the correct response.
SH
Sharita
1 year ago
Sarbanes-Oxley, baby! The act that keeps the corporate world honest. Or at least, tries to. It's like their own personal 'no-lying' law!
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Audry
1 year ago
I agree, it's all about transparency and honesty in financial reporting.
TA
Tammara
1 year ago
It definitely changed the game for corporate accountability.
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Josphine
1 year ago
Yeah, Sarbanes-Oxley is a big deal for public companies.
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Titus
2 years ago
Sarbanes-Oxley, for sure. It's the one that keeps the accountants up at night, trying to make sure everything is on the up and up. No more cooking the books for those guys!
LA
Lashandra
1 year ago
Definitely, it's all about transparency and accountability now.
KI
Kirk
1 year ago
Yeah, that one really changed the game for public companies.
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Lisandra
1 year ago
Sarbanes-Oxley Act of 2002
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Raymon
2 years ago
Hmm, I'm going to go with C) Sarbanes-Oxley. It's the one that's all about corporate governance and financial reporting, right? Gotta keep those execs in line!
AN
Annabelle
1 year ago
Definitely, Sarbanes-Oxley Act plays a key role in maintaining the integrity of financial reporting in public companies.
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Yaeko
1 year ago
I agree, Sarbanes-Oxley Act is crucial in ensuring that executives are held accountable for their actions.
FL
Florencia
1 year ago
That's correct! Sarbanes-Oxley Act was implemented to improve transparency and accountability in public companies.
NA
Nancey
1 year ago
Yes, you're right! Sarbanes-Oxley Act of 2002 is the one that focuses on corporate governance and financial reporting.
MO
Mona
2 years ago
I'm pretty sure it's the Sarbanes-Oxley Act. I remember learning about that in my accounting class. It's the one that keeps the CEOs on their toes!
GL
Glory
2 years ago
The Sarbanes-Oxley Act is the correct answer. It's the big one that affects all public companies in the US.
VA
Val
1 year ago
That's right, the Sarbanes-Oxley Act is the one that affects all public companies in the US.
VA
Val
1 year ago
C) Sarbanes-Oxley Act of 2002
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Glenna
2 years ago
I'm not sure, but I think it's between C) Sarbanes-Oxley Act of 2002 and D) Federal Information Security Management Act.
QU
Quiana
2 years ago
I agree with Aretha. The Sarbanes-Oxley Act of 2002 is specifically designed to regulate public companies.
AR
Aretha
2 years ago
I think the answer is C) Sarbanes-Oxley Act of 2002.