The Sarbanes-Oxley Act of 202 attempts to increase corporate accountability by imposing strict disclosure requirements and harsh penalties for securities laws.

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The Sarbanes-Oxley Act of 2002 was passed in response to several high-profile corporate accounting scandals, such as Enron and WorldCom. The Act aims to increase corporate accountability by imposing strict disclosure requirements, enhancing controls and oversight of financial reporting, and increasing penalties for securities laws violations. It also created the Public Company Accounting Oversight Board (PCAOB) to oversee the auditing of public companies. Overall, the Act seeks to increase transparency and restore investor confidence in the financial markets.

The Sarbanes-Oxley Act of 202 Attempts to Increase Corporate Accountability