What is the definition of the Sarbanes-Oxley Act?

Answer Enacted in 2002, the Sarbanes-Oxley Act--commonly known as SOX--is a federal law that sets standards for public companies. It is named after the congressmen who sponsored it.BackgroundSOX was enact... Read More »

Top Q&A For: What is the definition of the Sarbanes-Oxley Act

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 »

What is the Sarbanes-Oxley legislation?

After a series of scandals in 2001 involving illegal actions by corporations, specifically Enron and Tyco, the government passed the Sarbanes-Oxley Act of 2002, which is a set of regulations, laws ... Read More »

What is sarbanes-oxley compliance?

The Sarbanes-Oxley Act of 2002 requires businesses and corporations to comply with financial reporting standards. Named after Sen. Paul Sarbanes and Rep. Michael Oxley, the law was designed to crac... Read More »