Final answer:
The Sarbanes-Oxley Act of 2002, also known as SarbOx or SOX, is a law that aims to increase confidence in financial information provided by public corporations and protect investors from accounting fraud.
Step-by-step explanation:
The Sarbanes-Oxley Act of 2002, also known as SarbOx or SOX, was a response to major accounting scandals involving companies like Enron, Tyco International, and WorldCom. It was designed by the government to increase confidence in financial information provided by public corporations and protect investors from accounting fraud. The act established stricter regulations, such as requiring corporate executives to personally certify the accuracy of financial reports and imposing criminal penalties for fraudulent activities.