Exam 312-50v11 topic 1 question 243 discussion

Actual exam question from ECCouncil's 312-50v11

Question #: 243
Topic #: 1

Widespread fraud at Enron, WorldCom, and Tyco led to the creation of a law that was designed to improve the accuracy and accountability of corporate disclosures. It covers accounting firms and third parties that provide financial services to some organizations and came into effect in 2002. This law is known by what acronym?

A. SOX
B. FedRAMP
C. HIPAA
D. PCI DSS

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Suggested Answer: A 🗳️

by ANDRESCB1988 at July 23, 2021, 6:29 a.m.

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Daniel8660

6 months, 1 week ago

Selected Answer: A

Sarbanes Oxley Act(SOX) - Enacted in 2002, the Sarbanes-Oxley Act is designed to protect investors and the public by increasing the accuracy and reliability of corporate disclosures. (P.98/82)

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AmadSyahir

1 year, 5 months ago

The Sarbanes–Oxley (SOX) Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations.

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