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In a report to its clients on the implications of the Sarbanes-Oxley Act of 2002, KPMG states that the Act is intended to expand corporate governance, increase public confidence in financial reporting information, and strengthen our capital market systems. Describe the meaning of corporate governance and how it relates to financial accounting statements. Also, comment on how Sarbanes-Oxley can achieve the intentions stated in the KPMG report.

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