Sarbanes-Oxley Act


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Related to Sarbanes-Oxley Act: Enron

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.
References in periodicals archive ?
Securities and Exchange Commission finalized some of the rules required by the Sarbanes-Oxley Act of 2002, which calls for the most sweeping changes to financial reporting by publicly traded companies since the stock market crashed in 1929.
Steelpoint's CLRM solution for the Sarbanes-Oxley Act involves partnering with Fortune 500 companies to proactively monitor critical corporate information sources -- paper-based and electronically stored -- through workflow and document management.
McDonough: The Sarbanes-Oxley Act charged the PCAOB with establishing auditing and related attestation standards, quality control standards, ethical standards and independence standards.
In accordance with Section 404 of the Sarbanes-Oxley Act, the Company and its independent registered accounting firm continue to assess the Company's overall controls environment and the effectiveness of these controls.
Attendees deliberated over what measures contained in the Sarbanes-Oxley Act of 2002--which covers CPAs providing attest services to SEC registrants--should apply to licensees at the state level.
In addition, the Initiative will help enterprise-level companies to proactively manage key business secure file transfer processes that relate to compliance regulations outlined in laws such as the 2002 Sarbanes-Oxley Act (SOX) and the 1996 Health Insurance Portability and Accountability Act (HIPAA).
The Sarbanes-Oxley Act of 2002 is a major reform package mandating the most far-reaching changes Congress has imposed on the business world since FDR's New Deal.
According to Gartner Research(1), "Regulations like the Sarbanes-Oxley Act have forced businesses to carefully examine their security and risk management controls.
com/reports/c26761) has announced the addition of E-Learning Course - Sarbanes-Oxley Act to their offering
It alleged various breaches of state corporate law and a violation of Section 304 of the Sarbanes-Oxley Act of 2002.
The Company is currently in the process of completing its financial statements and its assessment of internal control over financial reporting as of the fiscal year ended July 2, 2005, as required by Section 404 of the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley Act").
NYSE:CMI), a global power leader and provider of engines and related technologies, has selected Movaris Certainty(R) to automate its Sarbanes-Oxley Act compliance and improve financial controls throughout the company's financial operations.