The Sarbanes-Oxley Act of 2002 has strengthened corporate governance and improved audit quality in the past decade, according to a new report by Ernst & Young.

The report, “The Sarbanes-Oxley Act at 10,” marks the 10-year anniversary of the landmark legislation that passed a decade ago in response to a string of accounting scandals at companies like Enron, WorldCom and Tyco, along with the demise of Big Five auditing firm Arthur Andersen.

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