When was the Sarbanes-Oxley act adopted?

Answer The Sarbanes-Oxley Act was passed in 2002. It was established, according to the American Institute of Certified Public Accountants (AICPA), to improve the transparency of business practices so that... Read More »

Top Q&A For: When was the Sarbanes-Oxley act adopted

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 definition of the Sarbanes-Oxley Act?

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 »

Why is the Sarbanes-Oxley Act important?

The Sarbanes-Oxley Act is considered an important piece of legislation because it is designed to prevent financial fraud. Signed into law in 2002, the act was a direct response to corrupt accountin... Read More »