___ is a U.S. federal legislation designed to deter and punish corporate and accounting fraud and corruption. It is also meant to protect the interest of workers and shareholders by requiring enhanced financial disclosures.

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The Sarbanes-Oxley Act (also known as the Public Company Accounting Reform and Investor Protection Act) was passed in 2002 in response to high-profile corporate accounting scandals such as Enron and WorldCom. Its aim is to increase corporate responsibility and accountability by requiring public companies to make more transparent financial disclosures and imposing criminal penalties for fraud and other forms of financial misconduct.

___ Is a U