The Sarbanes-Oxley Act of 2002 was created in response to corporate scandals like Enron and WorldCom, aiming to improve financial transparency and protect investors.
True
The Sarbanes-Oxley Act of 2002 was indeed the congressional response to corporate scandals like Enron and WorldCom. This act aimed to enhance confidence in financial information provided by public corporations and protect investors from accounting fraud.
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