Sarbanes Oxley Act



Sarbanes Oxley Act

The Sarbanes Oxley Act is a law that was enacted in response to various financial scandals in July 2002 by the U.S. Congress. It was used primarily to restore investor confidence in capital markets. It set general rules and standards for companies to increase the transparency of financial accounts of the company. Sarbanes Oxley is one of the most important regulations that emerged after the financial scandals in the United States.

The body of law proposed by Rep. Michael G. Oxley and Sen. Paul S. Sarbanes in the U.S. Congress has effects that go far beyond ...