An Introduction to the Sarbanes-Oxley Act (SOX)

by Vinaya HS on January 31, 2007

in Business & Management,The SP Jain Blog

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Another “MUST KNOW” topic for today’s corporate employee is the Sarbanes-Oxley Act, commonly referred to as SOX. Here’s an introduction to this act.



Download the Sarbanes-Oxley Act PowerPoint presentation.

Says Wikipedia:

The Sarbanes-Oxley Act of 2002 (Pub. L. No. 107-204, 116 Stat. 745, also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox; July 30, 2002) is a United States federal law passed in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Peregrine Systems and WorldCom (recently MCI and currently now part of Verizon Businesses). These scandals resulted in a decline of public trust in accounting and reporting practices. Named after sponsors Senator Paul Sarbanes (D-Md.) and Representative Michael G. Oxley (R-Oh.), the Act was approved by the House by a vote of 423-3 and by the Senate 99-0. The legislation is wide ranging and establishes new or enhanced standards for all U.S. public company boards, management, and public accounting firms.

Let me know if you’re finding this stuff informative.




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 2 comments… read them below or add one }

Santhu... March 2, 2007 at 6:19 PM

Interesting article. well, are you into audits or any kind of compliance area?

Vinaya HS March 3, 2007 at 4:01 PM

Nope. :-)

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