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

Why was the Sarbanes Oxley Act passed?

In 2002, President Bush signed the Sarbanes Oxley Act aimed at preventing corporate fraud by requiring additional corporate financial disclosures.HistoryCongress passed the Sarbanes Oxley Act follo... Read More »

Why was Sarbanes-Oxley created?

The Sarbanes-Oxley Act of 2002 governs how publicly held companies and accounting firms handle financial information. Congress passed the law to protect investors after corporate scandals, such as ... Read More »

History of the Sarbanes-Oxley Act?

The Sarbanes-Oxley Act was named after the sponsors Senator Paul S. Sarbanes (D-Md.) and Representative Michael Oxley (R-Ohio), but its official title is the Public Company Accounting Reform and In... Read More »

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 »