Final answer:
The Sarbanes-Oxley Act primarily aimed to d)improve corporate governance and accountability to protect investors by enhancing the accuracy of financial disclosures following major accounting scandals.
Step-by-step explanation:
The Sarbanes-Oxley Act, enacted in 2002, was a response to major accounting scandals involving corporations like Enron and WorldCom.
Its main purpose was to improve corporate governance and accountability with the aim of protecting investors by enhancing the accuracy and reliability of corporate disclosures in financial statements and thus prevent accounting fraud.
It did not, however, prevent all financial fraud, establish accounting standards, or provide legal protection to corporations directly. Instead, it introduced rigorous reforms to improve financial disclosures and prevent accounting irregularities.