The Sarbanes-Oxley Act sought to prevent a repeat of the corporate scandals that brought about the collapse of Enron and WorldCom.

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The Sarbanes-Oxley Act was enacted in 2002 to address financial reporting and accounting misconduct in the wake of the Enron and WorldCom scandals. Its provisions included increased penalties for white-collar crime and increased oversight of corporate financial reporting.

The Sarbanes-Oxley Act Sought to Prevent a Repeat of the Corporate