Corporate governance has become increasingly important over the years. The Sarbanes-Oxley (SOX) Act was enacted to improve transparency in financial accounting and to prevent fraud. Which of the following is correct?

	A. fraud has not occurred since enactment of SOX
	B. SOX has not increased auditing costs

	C. government agencies are not required to comply with SOX
	D. SOX requires companies to have a strong board of directors

E. none of the above