The goal of the Sarbanes-Oxley Act is to prevent deceptive accounting and management practices and thus to increase confidence in corporate governance.

Question

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The Sarbanes-Oxley Act was enacted in response to major corporate and accounting scandals in the early 2000s, such as Enron and Worldcom. Its goal is to improve corporate governance and prevent fraudulent or deceptive accounting and management practices, ultimately increasing confidence in the financial reporting of public companies.

The Goal of the Sarbanes-Oxley Act Is to Prevent Deceptive