The U.S. Sarbanes-Oxley Act was created to set higher ethical standards for public corporations and accounting firms.

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The U.S. Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act, was passed in 2002 to increase transparency and accountability in corporate governance and financial reporting after accounting scandals such as Enron and WorldCom. The act established higher ethical standards for public corporations and accounting firms, including requirements for internal controls, financial reporting, and independent outside auditors.

The US Sarbanes-Oxley Act Was Created to Set Higher Ethical Standards