Which of the following laws resulted from a lack of independence in audit practices?

The law that resulted from a lack of independence in audit practices is the Sarbanes-Oxley Act (SOX). SOX was enacted in 2002 in response to major corporate and accounting scandals, including those involving companies like Enron and WorldCom. The primary purpose of this legislation is to protect investors by improving the accuracy and reliability of corporate disclosures and financial reporting.

One key aspect of SOX is the establishment of stricter regulations regarding the independence of auditors. The act mandates that external auditors maintain independence from the companies they audit to prevent conflicts of interest that could compromise the integrity of financial reporting. This includes rules prohibiting auditors from providing certain non-audit services to their audit clients and requiring the rotation of audit partners every few years. These measures were implemented to enhance the objectivity of audit processes and ensure that companies could not manipulate financial statements without detection.

In contrast, the other laws mentioned address different areas of regulation: ISO 27064 is related to information security management, HIPAA focuses on healthcare privacy and security standards, and GLBA pertains to financial privacy. None of these laws directly address the independence of audit practices in the same comprehensive way as SOX. Therefore, SOX is the correct answer as it directly corresponds to the