Network Defense Essentials (NDE) Practice Exam 2025 - Free Network Defense Practice Questions and Study Guide

Question: 1 / 545

Which act includes Title IV, focusing on enhanced reporting requirements for financial transactions?

Sarbanes-Oxley Act

The correct choice is the Sarbanes-Oxley Act. Title IV of this act specifically addresses enhanced reporting and disclosure requirements for financial transactions, particularly in response to major corporate scandals in the early 2000s. This title aims to improve the accuracy and reliability of corporate disclosures made pursuant to the securities laws, thereby boosting investor confidence and ensuring more stringent compliance with financial reporting standards. Implementing such rigorous standards is essential for holding corporations accountable, facilitating transparency, and ultimately protecting investors.

The other acts listed focus on different areas of regulation. The Gramm-Leach-Bliley Act primarily deals with the financial services industry and aims to protect consumers' personal financial information. The Health Insurance Portability and Accountability Act focuses on the protection of health information and the privacy of patient records. The Fair Credit Reporting Act is concerned with regulating the collection of consumers' credit information and ensuring fairness and accuracy in credit reporting. Each of these acts has its area of emphasis, which is distinct from the enhanced financial reporting requirements outlined in Title IV of the Sarbanes-Oxley Act.

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Gramm-Leach-Bliley Act

Health Insurance Portability and Accountability Act

Fair Credit Reporting Act

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