Statements (51)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:affects |
corporate governance
financial reporting auditing standards |
| gptkbp:alsoKnownAs |
gptkb:SOX
gptkb:Sarbox |
| gptkbp:appliesTo |
public companies
public accounting firms foreign companies listed on U.S. stock exchanges |
| gptkbp:codifiedIn |
15 U.S.C. § 7201 et seq.
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:enforcedBy |
gptkb:PCAOB
gptkb:Securities_and_Exchange_Commission_(SEC) gptkb:Department_of_Justice_(DOJ) |
| gptkbp:established |
gptkb:Public_Company_Accounting_Oversight_Board_(PCAOB)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Sarbanes–Oxley Act (SOX)
|
| gptkbp:improves |
accountability of corporate executives
criminal penalties for corporate fraud transparency in financial reporting |
| gptkbp:influencedBy |
gptkb:Enron_scandal
gptkb:WorldCom_scandal |
| gptkbp:mandate |
whistleblower protection
disclosure of conflicts of interest internal control reporting audit committee independence code of ethics for senior financial officers disclosure of off-balance-sheet transactions retention of audit records rotation of audit partners |
| gptkbp:namedAfter |
gptkb:Michael_G._Oxley
gptkb:Paul_Sarbanes |
| gptkbp:penalty |
securities fraud
destroying, altering, or fabricating records noncompliance with audit requirements |
| gptkbp:prohibits |
destruction of evidence in federal investigations
loans to executives |
| gptkbp:purpose |
improve accuracy of corporate disclosures
protect investors from fraudulent financial reporting |
| gptkbp:requires |
auditor attestation of internal controls
disclosure of financial information management assessment of internal controls CEO and CFO certification of financial reports real-time disclosure of material changes |
| gptkbp:section |
Section 302
Section 404 Section 802 |
| gptkbp:signedBy |
gptkb:George_W._Bush
|
| gptkbp:signedIntoLawDate |
July 30, 2002
|
| gptkbp:title |
gptkb:Public_Company_Accounting_Reform_and_Investor_Protection_Act_of_2002
|
| gptkbp:bfsParent |
gptkb:Sox
|
| gptkbp:bfsLayer |
7
|