|
gptkbp:instanceOf
|
gptkb:United_States_federal_law
|
|
gptkbp:affects
|
corporate governance
auditing standards
financial disclosures
|
|
gptkbp:alsoKnownAs
|
gptkb:SOX
gptkb:Sarbanes-Oxley
|
|
gptkbp:appliesTo
|
public companies
public accounting firms
|
|
gptkbp:category
|
gptkb:United_States_federal_law
gptkb:Corporate_law
Financial regulation
|
|
gptkbp:citation
|
gptkb:Pub.L._107–204
|
|
gptkbp:codifiedIn
|
15 U.S.C. § 7201 et seq.
|
|
gptkbp:criticizedFor
|
burdensome compliance
high costs for small businesses
|
|
gptkbp:effect
|
recordkeeping requirements
whistleblower protections
criminal penalties for securities fraud
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:enforcedBy
|
gptkb:Public_Company_Accounting_Oversight_Board
gptkb:Securities_and_Exchange_Commission
|
|
gptkbp:established
|
gptkb:Public_Company_Accounting_Oversight_Board
|
|
gptkbp:fullTitle
|
gptkb:Public_Company_Accounting_Reform_and_Investor_Protection_Act_of_2002
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Sarbanes-Oxley Act (US)
|
|
gptkbp:impact
|
improved investor confidence
increased compliance costs
increased corporate accountability
|
|
gptkbp:jurisdiction
|
gptkb:United_States
|
|
gptkbp:namedAfter
|
gptkb:Michael_G._Oxley
gptkb:Paul_Sarbanes
|
|
gptkbp:penalty
|
obstruction of justice
securities fraud
destruction of records
|
|
gptkbp:purpose
|
protect investors from fraudulent financial reporting by corporations
|
|
gptkbp:relatedTo
|
gptkb:Foreign_Corrupt_Practices_Act
gptkb:Securities_Exchange_Act_of_1934
gptkb:Dodd-Frank_Act
|
|
gptkbp:requires
|
auditor independence
internal controls assessment
CEO and CFO certification of financial reports
|
|
gptkbp:resultedIn
|
gptkb:Enron_scandal
gptkb:WorldCom_scandal
|
|
gptkbp:section
|
Section 302
Section 404
Section 802
|
|
gptkbp:signedBy
|
gptkb:George_W._Bush
July 30, 2002
|
|
gptkbp:bfsParent
|
gptkb:Audit_Committee
|
|
gptkbp:bfsLayer
|
6
|