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Sarbanes-Oxley Act
(redirected from Sarbanes-oxley)

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
Sarbanes-Oxley Act
Administered by the Securities and Exchange Commission (SEC) starting in 2002, the Sarbanes-Oxley Act (SOX) regulates corporate financial records and provides penalties for their abuse. It defines the type of records that must be recorded and for how long. It also deals with falsification of data. Affecting data storage capacities and planning, Sarbanes-Oxley was enacted after the Enron and WorldCom scandals of the early 2000s. The bill was sponsored by Paul Sarbanes, Democratic Senator from Maryland and additionally authored before passage by Michael Oxley, Republican Senator from Ohio. See risk mitigation.


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s security market through the Sarbanes-Oxley Act of 2002 Known as the Public Company Accounting Reform and Investor Protection Act of 2002 the Act was authored by Senator Paul Sarbanes and Representative Michael G Through a house vote of 423-3 and supported by a landslide vote in the Senate of 99-0, a significant federal law was conceived in July 30, 2002 which brought significant changes on the laws concerning America?
9781420086171 IT auditing and Sarbanes-Oxley compliance; key strategies for business improvement.
In January 2006, reason interviewed four businesspeople and financial professionals to assess the costs and benefits of the 2002 Sarbanes-Oxley Act-the last big federal response to fears of chaos, greed, and fraud in financial markets.
 
 
 
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