How has the Sarbanes-Oxley Act of 2002 reformed corporate governance?

The Sarbanes-Oxley Act of 2002 played an essential role in reforming corporate governance. For instance, it made the officers and directors in public companies liable to the financial statement accuracy reducing fraudulent activities significantly. Secondly, the companies were mandated to strengthen the auditing committees to highlight any public company's funds' mismanagement. Thirdly, it authorized the companies to disclose any financial transaction to ensure transparency while conducting auditing by external and internal auditors. Lastly, it required an internal control test to be performed regularly to ensure that the companies were operating effectively.