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.

Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.

Top Articles

The Complete List of 1500+ Common Text Abbreviations & Acronyms

UPDATED: This article was updated April 6, 2021 by Web Webster   From A3 to ZZZ we list 1,559 text message and online chat abbreviations to...

How to Create a Website Shortcut on Your Desktop

UPDATED: This article was updated April 6, 2021 by Web Webster   This Webopedia guide will show you how to create a desktop shortcut to a...

Windows Operating System History & Versions

The Windows operating system (Windows OS) refers to a family of operating systems developed by Microsoft Corporation. We look at the history of Windows...

What are the 5 Generations of Computers?

UPDATED: This article was updated on April 6, 2021 by Web Webster   Learn about each of the 5 generations of computers and major technology developments...

Random Access Memory (RAM)...

UPDATED: This article Updated April 6, 2021 by Web Webster   Random Access Memory (RAM)...

OEM – original equipment...

UPDATED: This article was updated April 6, 2021 by Web Webster OEM (pronounced as...

Best ERP Software for...

UPDATED: This page was updated April 6, 2021 by Web Webster   Enterprise resource planning...