The Sarbanes-Oxley Act
A. prohibited corrupt foreign business practices, for example, bribing of foreign government officials.
B. levelized import tariffs to prevent fraudulent behavior.
C. established strict accounting and reporting rules to make senior managers more accountable and to improve and maintain investor confidence.
D. removed barriers in the market among banking companies to prevent unethical insider trading.
E. prohibited commercial banks from participating in the investment banking business to prevent unethical lending.
Answer: C
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