After the turn-of-the-century fraud scandals,Congress created requirements for antifraud mechanisms with this 2002 Act.

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The turn-of-the-century fraud scandals, such as Enron and WorldCom, led to Congress passing The Sarbanes-Oxley Act in 2002. This act created requirements for antifraud mechanisms, including establishing and maintaining internal controls, increasing corporate accountability, and setting penalties for misconduct.

After the Turn-Of-The-Century Fraud Scandals,Congress Created Requirements for Antifraud Mechanisms