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.
Featured Partners Sponsored
- Increase worker productivity, enhance data security, and enjoy greater energy savings. Find out how. Download the “Ultimate Desktop Simplicity Kit” now.»
- Find out which 10 hardware additions will help you maintain excellent service and outstanding security for you and your customers. »
- Server virtualization is growing in popularity, but the technology for securing it lags. To protect your virtual network.»
- Before you implement a private cloud, find out what you need to know about automated delivery, virtual sprawl, and more. »