The Sarbanes Oxley Accounting Practices Act (SARBOX) was signed in the law in 2002 in response to the trouble with Enron and other widely publicized corporate scandals.

Question

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The Sarbanes-Oxley Act, often abbreviated as SOX, was indeed signed into law in 2002 as a response to major corporate and accounting scandals, including those involving Enron, Tyco International, and WorldCom, among others. Its purpose is to protect investors from fraudulent financial reporting by corporations.

The Sarbanes Oxley Accounting Practices Act (SARBOX) Was Signed in the Law