Which of the following is not a reason that Congress passed the Sarbanes-Oxley Act? a. To require companies to maintain strong and effective internal controls over the preparation of financial statements b. To require companies to maintain strong and effective internal controls over the recording of financial transactions c. To answer the public outcry related to the financial scandals of the early 2000s d. To apply the same controls to private companies as to public companies

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.