in response to widespread fraudulent reporting in the late 1990’s and early 2000’s, congress\nmultiple…

in response to widespread fraudulent reporting in the late 1990’s and early 2000’s, congress\nmultiple choice\norganized the internal revenue service.\npassed the sarbanes - oxley act.\nestablished the financial accounting standards board.\nenacted the securities and exchange commission.

in response to widespread fraudulent reporting in the late 1990’s and early 2000’s, congress\nmultiple choice\norganized the internal revenue service.\npassed the sarbanes - oxley act.\nestablished the financial accounting standards board.\nenacted the securities and exchange commission.

Answer

Brief Explanations:

The Sarbanes - Oxley Act was passed in 2002 in response to corporate accounting scandals and fraudulent reporting in the late 1990s and early 2000s. It aimed to improve corporate governance and financial reporting accuracy. The Internal Revenue Service has to do with tax - related matters, the Financial Accounting Standards Board sets accounting standards (but not as a direct response to this fraud), and the Securities and Exchange Commission was established earlier for broader securities - market regulation.

Answer:

B. Passed the Sarbanes - Oxley Act