Widespread fraud at Enron, WorldCom, and Tyco led to the creation of a law that was designed to improve the accuracy and accountability of corporate disclosures. It covers accounting firms and third…

SOX, formally the Sarbanes-Oxley Act of 2002, was directly created in response to the Enron, WorldCom, and Tyco fraud scandals. It mandates strict financial reporting standards, internal controls, and accountability for corporate executives and accounting firms, covering publicly traded companies and their third-party financial service providers.

FedRAMP (Federal Risk and Authorization Management Program) is a U.S. government framework for cloud service security authorization, not a financial accountability law created in response to corporate fraud.

HIPAA (Health Insurance Portability and Accountability Act) was enacted in 1996 and governs the privacy and security of protected health information, not corporate financial disclosures or accounting practices.

PCI DSS (Payment Card Industry Data Security Standard) is an industry standard for protecting cardholder payment data, not a law addressing corporate accounting fraud or financial reporting accuracy.