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The SarbanesOxley Act (SOX) enacted in 2002 as a reaction to a number of corporate and accounting scandals, including Enron, Worldcom, and Authur Andersen, LLP

The SarbanesOxley Act (SOX) enacted in 2002 as a reaction to a number of corporate and accounting scandals, including Enron, Worldcom, and Authur Andersen, LLP codified and established new requirements for boards, management, and public accounting firms.

See: Warren Buffett Explains the 2008 Financial Crisis Video

Respond to: SOX has been ineffectual in accounting reform and investor protection as proven by the financial crisis of 2008/2009.

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