Sarbanes Oxley Pros & Cons?

Answer The Sarbanes-Oxley Act (SOX) was signed into law in July 2002. The legislation's purpose was to bring stability and trust back to financial markets after a series of high-profile business failures.... Read More »

Top Q&A For: Sarbanes Oxley Pros & Cons

What is Sarbanes-Oxley law?

The Sarbanes-Oxley Act of 2002 set up reforms to enhance corporate responsibility and financial disclosures for the purpose of preventing corporate and accounting fraud. The law was a response to c... Read More »

What Is Sarbanes-Oxley?

In 2002, Congress enacted Sarbanes-Oxley, a federal law named for the two congressmen who crafted the legislation--Sen. Paul Sarbanes, a Maryland Democrat, and Rep. Michael Oxley, an Ohio Republica... Read More »

How to Comply With the Sarbanes Oxley Act?

The Sarbanes-Oxley Act of 2002 made significant changes to the way that corporate finances are dealt with. It is named after Senator Paul Sarbanes and Representative Michael Oxley, two of its autho... Read More »

Who passed Sarbanes Oxley act?

In 2003, Congress passed the Sarbanes Oxley Act in response to a rash of corporate financial scandals, the most notable being the Enron debacle. President George W. Bush signed the act into law.Sou... Read More »