Which regulatory body backs the Sarbanes-Oxley Act?

The Sarbanes-Oxley Act, enacted in 2002, is primarily aimed at enhancing corporate governance and accountability in the wake of accounting scandals. The regulatory body that oversees the implementation and enforcement of this act is the Securities and Exchange Commission (SEC). The SEC is responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, making it a crucial player in ensuring that companies adhere to the standards set forth by the Sarbanes-Oxley Act.

This oversight includes enforcing rules related to financial disclosures and corporate governance to ensure that companies operate transparently and ethically. By enforcing these regulations, the SEC helps to instill trust in the financial reporting process and promotes a culture of accountability among publicly traded companies.