Final answer:
The Sarbanes-Oxley Act of 2002 established new reporting standards for publicly traded companies in response to accounting scandals.
Explanation:
The legislation that created new government reporting standards for publicly traded companies in response to accounting scandals is the Sarbanes-Oxley Act of 2002. This act aimed to increase confidence in financial information provided by public corporations to protect investors from accounting fraud.
Learn more about Sarbanes-Oxley Act here:
https://brainly.com/question/38611313
