The Sarbanes-Oxley Act (SOX) achieves broad regulatory coverage at a low cost to firms, making it effective in enhancing investor protection and confidence.
True. The Sarbanes-Oxley Act (SOX), enacted in 2002, established regulatory measures to address financial scandals and increase accountability in public corporations. One of its key strengths is the creation of the Public Company Accounting Oversight Board (PCAOB) to oversee auditor activities, enhancing investor protection and confidence.
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