Why was the Sarbanes-Oxley Act started?

Answer 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 »

Top Q&A For: Why was the Sarbanes-Oxley Act started

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?

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 »