Click here

Sarbanes-Oxley

The Sarbanes-Oxley Act was signed into law on 30 July 2002 by President Bush. The Act is designed to oversee the financial reporting landscape for finance professionals. Its purpose is to review legislative audit requirements and to protect investors by improving the accuracy and reliability of corporate disclosures. The act covers issues such as establishing a public company accounting oversight board, auditor independence, corporate responsibility and enhanced financial disclosure. It also significantly tightens accountability standards for directors and officers, auditors, securities analysts and legal counsel. The law is named after Senator Paul Sarbanes and Representative Michael G. Oxley.



Top Terms
  • 1

    private cloud project

    Companies initiate private cloud projects to enable their IT infrastructure to become more capable of quickly adapting to continually evolving...

    Read more »

  • 2

    cloud backup

    A cloud backup (cloud computer backup) refers to backing up data to a remote, cloud-based server. As a form of cloud storage, cloud backup data is...

    Read more »

  • Click Here!

Connect with Webopedia

  • Android Apps for Remote Computer Access

    Remote access is useful when you need to collaborate with co-workers, help a friend with PC problems or grab files from your desktop.

    Read More »

Did You Know? Archive »

  • Quick Reference Archive »