Computer Hacking Forensic Investigator (CHFI v10) — Question 206

Which among the following acts has been passed by the U.S. Congress to protect investors from the possibility of fraudulent accounting activities by corporations?

Answer options

• A. Gramm-Leach-Bliley act
• B. Federal Information Security Management act of 2002
• C. Health Insurance Probability and Accountability act of 1996
• D. Sarbanes-Oxley act of 2002

Correct answer: D

Explanation

The Sarbanes-Oxley act of 2002 was specifically designed to enhance the accuracy of financial reporting and protect investors from corporate fraud. The other acts listed focus on different areas such as financial services (Gramm-Leach-Bliley), information security (Federal Information Security Management act), and health insurance privacy (Health Insurance Probability and Accountability act), which do not directly address accounting fraud.