the sarbanes-oxley act makes it illegal for employers to: multiple choice sue federal contractors for fraud. retaliate against whistle-blowers who report information that could have an impact on the value of a company's shares. both of these answers are correct: retaliate against whistle-blowers who report information that could have an impact on the value of a company's shares; and hire employees who have a prior record of accounting fraud. hire employees who have a prior record of accounting fraud.

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30-11-2022
Business

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the sarbanes-oxley act makes it illegal for employers to: multiple choice sue federal contractors for fraud. retaliate against whistle-blowers who report information that could have an impact on the value of a company's shares. both of these answers are correct: retaliate against whistle-blowers who report information that could have an impact on the value of a company's shares; and hire employees who have a prior record of accounting fraud. hire employees who have a prior record of accounting fraud.

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varshamittal029 varshamittal029 · Answer 1 · 2022-12-04T06:29:29+01:00

Employers are strictly forbidden by SOX from taking adverse action against workers who report unlawful or unethical behavior. When disclosing shareholder fraud or contraventions of SEC rules and regulations, employees are likewise protected.

The Sarbanes-Oxley Act of 2002 is a federal law in the United States that prescribes specific procedures for corporate financial record keeping and reporting. The rule was implemented in response to many significant business and accounting scandals, notably Enron and WorldCom. The bill's provisions address the duties of the board of directors of public corporations, impose criminal penalties for specific types of wrongdoing, and call on the Securities and Exchange Commission to establish regulations outlining public businesses' legal obligations.

The act strengthened the responsibility of boards of directors in providing supervision and expanded the independence of external auditors who check the accuracy of business financial statements.

Learn more about the Sarbanes-Oxley Act of 2002 Act here: https://brainly.com/question/24214720

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