The Sarbanes-Oxley Act of 2002 was designed to ...

• A. Was intended to fight corporate and accounting fraud
• B. Was intended to reduce government oversight
• C. Was intended to set monetary policy
• D. Was intended to regulate environmental emissions

Answer: (D)

The main idea behind the Sarbanes-Oxley Act is to prevent corporate and accounting fraud by tightening how financial information is reported and overseen. After major scandals, SOX requires top executives to personally certify the accuracy of financial statements, strengthens requirements around internal controls and their assessment, and enhances the independence and oversight of auditors through the Public Company Accounting Oversight Board. These measures aim to boost transparency, accountability, and reliability in corporate reporting, making it harder for fraud to go unchecked. It does not set monetary policy, regulate environmental emissions, or reduce government oversight.