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The impact of the Sarbanes-Oxley act of 2002 helped investors be protected from frauds.
The SOX Act was created in response to accounting malpractice in the early 2000s
an act passed by U.S. in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations
when public scandals such as enron corporation, Tyco International plc, and WorldCom shook investor confidence in financial statements.
the people demanded an overhaul of regulatory standards from companies.
the SOX Act also outlines requirements for information technology.
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