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What prompted the Sarbanes Act 2002 enactment? please use your own words, thanks!

What prompted the Sarbanes Act 2002 enactment? please use your own words, thanks!

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The failure in corporate governance , malpractices , financial misreporting during the period of 2000-2002 prompted the Sarbanes Act 2002. Actually it was triggered due to Enron scam.The weakness in corporate governance norms and financial reporting played a crucial role in enactment of Sarbanes Act 2002.

To protect investors and other stakeholders proper auditing of listed companies . This law was enacted.
It helped in scrutinizing any financial anomalies or misreporting by public companies. It also emphasised on whistle blower protection.

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