The Sarbanes-Oxley Act was enacted to make corporate managers, board members, and auditors more accountable for the accuracy of the financial statements that their respective firms provide.

Question

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The Sarbanes-Oxley Act, enacted in 2002 in response to major corporate and accounting scandals, aims to enhance corporate governance and strengthen the accuracy and reliability of corporate disclosures, including financial statements, making managers, board members, and auditors more accountable.

The Sarbanes-Oxley Act Was Enacted to Make Corporate Managers, Board