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social science subjects > business and management > business ethics > accounting ethics > Sarbanes-Oxley Act
social science subjects > business and management > business ethics > finance ethics > Sarbanes-Oxley Act
... > social science subjects > business and management > finance > financial management > accounting (finance) > international accounting > Sarbanes-Oxley Act

Preferred term

Sarbanes-Oxley Act  

Definition

  • In response to major corporate accounting scandals at large U.S. companies such as Adelphia, Computer Associates, Enron, and WorldCom, to name a few, the United States Congress passed a sweeping legislation in July 2002 aimed at improving the integrity of financial statements and related audits and mandating certain corporate governance practices within publicly traded U.S. companies. This legislation, called the SarbanesOxley Act of 2002 (referred to here as Sarbanes-Oxley or the Act), has been considered by many to be the most significant new law since the passage of the Securities and Exchange Acts of 1933 and 1934. [Source: Encyclopedia of Business Ethics and Society; Sarbanes-Oxley Act of 2002]

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https://concepts.sagepub.com/social-science/concept/Sarbanes-Oxley_Act

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