After major corporate scandals, which law did Congress enact to ensure greater accountability for financial accuracy among managers?

The Sarbanes-Oxley Act was enacted by Congress to enhance accountability and transparency in financial reporting among managers and organizations following significant corporate scandals, such as Enron and WorldCom. This legislation introduced stringent regulations aimed at preventing corporate fraud and ensuring accurate financial disclosures. Key provisions of the Sarbanes-Oxley Act include the establishment of the Public Company Accounting Oversight Board (PCAOB) to oversee the audits of public companies, requirements for CEOs and CFOs to personally certify the accuracy of financial statements, and stricter penalties for fraudulent financial activity. This comprehensive approach was designed to protect investors and restore public trust in the financial markets. The act is often regarded as a pivotal reform in corporate governance and financial accountability, making it the correct choice in this context.