Why was Sarbanes-Oxley created?

Answer 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 »

Top Q&A For: Why was Sarbanes-Oxley created

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 »

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 »

Why was the Sarbanes-Oxley Act started?

Sarbanes-Oxley is a term used frequently in large businesses, particularly in areas of accounting, sales and receivables. Some may be curious as to why the bill was created and passed.DefinitionThe... 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 »