What started the Sarbanes-Oxley Act in 2002?



Answer:
The law was passed in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, and WorldCom (now MCI).

Editorial comment: So far the main impact of it has been to impose huge cost burdens on smaller public companies and to discouage companies from going public.
Its was a reaction to Enron and other large accounting scandals that occurred around the same time.
A few different factors, basically the Enron scandal.

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