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How did the Sarbanes–Oxley Act impact corporations’ financial reports? (LO1-6) Name the departments, offices, or agencies...

How did the Sarbanes–Oxley Act impact corporations’ financial reports? (LO1-6)

Name the departments, offices, or agencies that were created by the Dodd–Frank legislation. (LO1-6)

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Answer #1

1.Sarbans oxley act impacted the corporations financial report by Strengthening onto corporate governance of public companies audit committee. it changed the management responsibility for reporting of financial statements significantly and it required the top managers to certify the accuracy of the financial reports.

it aimed at fixing the responsibility of the top management of the company in order to protect the investors interest by making corporate disclosure more reliable and accurate.

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