Sarbanes-Oxley Act

From CNM Wiki
Revision as of 12:15, 21 July 2020 by EshwaN (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Sarbanes-Oxley Act is a law passed by Congress that requires the CEO and CFO to certify that their firm's financial statements are accurate.


Definitions

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Sarbanes-Oxley Act. A law passed by Congress that requires the CEO and CFO to certify that their firm's financial statements are accurate.

According to the Strategic Management by Parnell (4th edition),

Sarbanes-Oxley Act. Legislation passed in 2002 that created more detailed reporting requirements for boards and executives in public U.S. companies and accounting firms.

According to the HRBoK Guide,

Sarbanes-Oxley Act. A U.S. law that sets specific standards for public companies. A broad range of legal regulations that strengthen corporate accounting controls in the United States.

Related concepts

Related lectures