Corporate and Auditing Accountability and Responsibility Act

URI: https://gptkb.org/entity/Corporate_and_Auditing_Accountability_and_Responsibility_Act
GPTKB entity
Statements (26)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:abbreviation gptkb:SOX
gptkbp:alsoKnownAs gptkb:Sarbanes–Oxley_Act
gptkbp:appliesTo public accounting firms
publicly traded companies
gptkbp:category gptkb:legislation
corporate governance
accounting law
gptkbp:dateEnacted July 30, 2002
gptkbp:enactedBy gptkb:United_States_Congress
gptkbp:established gptkb:Public_Company_Accounting_Oversight_Board
https://www.w3.org/2000/01/rdf-schema#label Corporate and Auditing Accountability and Responsibility Act
gptkbp:influencedBy gptkb:Enron_scandal
gptkb:WorldCom_scandal
gptkbp:penalty criminal penalties
civil penalties
gptkbp:purpose protect investors from fraudulent financial reporting by corporations
gptkbp:requires management assessment of internal controls
auditor independence
corporate responsibility for financial reports
gptkbp:section Section 302
Section 404
Section 802
gptkbp:signedBy gptkb:George_W._Bush
gptkbp:bfsParent gptkb:Sarbanes–Oxley_Act
gptkbp:bfsLayer 4