Final answer:
The Sarbanes-Oxley Act focuses on Corporate governance, aimed at protecting investors from fraudulent accounting activities by corporations through establishing standards for U.S. public company boards, management, and public accounting firms.
Step-by-step explanation:
The focus of the Sarbanes-Oxley Act is on Corporate governance. This act, passed in 2002, was a response to a number of major corporate and accounting scandals, including those affecting Enron, Tyco International, and WorldCom. It introduced major changes to the regulation of financial practice and corporate governance. By establishing new or enhanced standards for all U.S. public company boards, management, and public accounting firms, it aimed to protect investors from the possibility of fraudulent accounting activities by corporations.
It mandates strict reforms to improve financial disclosures from corporations and prevent accounting fraud. Specifically, the act addresses issues such as auditing, financial reporting, and the responsibilities of company officers. It is not concerned with environmental regulations, immigration policies, or healthcare reform.