Properties (55)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:amends |
gptkb:Dodd-Frank_Act
|
| gptkbp:appliesTo |
publicly traded companies
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:enforces |
gptkb:Securities_and_Exchange_Commission
criminal penalties for securities fraud |
| gptkbp:established |
gptkb:Public_Company_Accounting_Oversight_Board
standards for external auditors |
| https://www.w3.org/2000/01/rdf-schema#label |
Sarbanes-Oxley Act
|
| gptkbp:impact |
corporate governance
accounting firms financial transparency investor confidence |
| gptkbp:influencedBy |
gptkb:Enron_scandal
WorldCom scandal |
| gptkbp:mandates |
internal controls for financial reporting
|
| gptkbp:provides |
penalties for securities fraud
protection for whistleblowers penalties for altering documents penalties for false certifications |
| gptkbp:purpose |
to protect investors from fraudulent financial reporting
|
| gptkbp:requires |
whistleblower protections
disclosure of changes in internal control over financial reporting audit committee independence disclosure of executive compensation disclosure of off-balance-sheet arrangements disclosure of related party transactions increased financial disclosures management assessment of internal controls CEO and CFO certification of financial reports disclosure of material changes in financial condition reporting of off-balance-sheet transactions retention of audit records for seven years disclosure of material weaknesses in internal controls disclosure of related party transactions in financial statements audit partner rotation every five years disclosure of changes in accounting principles disclosure of compliance with laws and regulations disclosure of critical accounting estimates disclosure of liquidity and capital resources disclosure of management's discussion and analysis disclosure of market risk disclosure of material risks disclosure of non-GAAP financial measures disclosure of off-balance-sheet financing disclosure of operational risks disclosure of significant accounting policies financial expert on audit committees disclosure of significant deficiencies in internal controls disclosure of management's assessment of internal controls. reporting of insider trading timely reporting of financial results disclosure of financial transactions with management |
| gptkbp:signature |
gptkb:George_W._Bush
|
| gptkbp:yearEstablished |
2002
|