The ________ was passed by Congress in 2002 to establish strict accounting and reporting rules in order to make senior managers more accountable and to improve and maintain investor confidence.

Question

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The Sarbanes-Oxley Act (also known as the Public Company Accounting Reform and Investor Protection Act) was passed by Congress in 2002 after the Enron scandal. The act established strict accounting and reporting rules for public companies, aimed at making senior managers more accountable and improving investor confidence.

The ________ Was Passed by Congress in 2002 to Establish