Sample content Sarbanes-Oxley Paper ACC/340 Sarbanes-Oxley Paper United States of America federal government Sarbanes-Oxley Law was established to enhance the precision and dependability to eventually safeguard shareholders. The Law is referred to as the Public Company Accounting Reform and Protection Act of 2002. The Act was signed into law on July 30, 2002. The Reason for Passage Throughout the late 1990s and early parts of the year 2000 a lot of acts of corruption in business sector continued with no laws to prevent it. The Sarbanes-Oxley Act of 2002 (frequently shortened to SOX) is regulation passed in reaction to the high-profile Enron and WorldCom fiscal scams to safeguard investors as well as the public from accounting mistakes and bogus practices in the company (Spurzem, 2006). Just after these scams the President of the United States of America at that time President George Bush pushed for the act to get passed by the house and senate so that he could sign it into