What information security law or standard aims at protecting stakeholders and the general public from accounting errors and fraudulent activities within organizations?
C. SOX (Sarbanes-Oxley Act)
Explanation:
SOX (Sarbanes-Oxley Act): The Sarbanes-Oxley Act of 2002, commonly known as SOX, was enacted in response to major financial scandals (like Enron and WorldCom) to protect investors by improving the accuracy and reliability of corporate disclosures. SOX mandates strict reforms to improve financial disclosures from corporations and prevent accounting fraud. It includes provisions related to internal controls, financial reporting, and auditing processes, requiring organizations to implement robust controls to ensure the accuracy of financial information.
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