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

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 »

When was the Sarbanes-Oxley act adopted?

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 »

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 »