What is the Sarbanes-Oxley Act. What is its current status? Have there been any changes? What do executives think of it now? What impact has it had?
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Only 200 words, not to much longer... I need your input so I can use you as a reference.
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"Sarbanes-Oxley (n.d.) references that the Sarbanes-Oxley Act is federal law enacted in 2002 that introduced major reforms in corporate governance and financial reporting. The act (also called the Corporate Responsibility Act) is regarded as the most sweeping securities legislation since the Securities and Exchange Act of 1934, which established the Securities and Exchange Commission and federal regulation of the securities industry. Among its provisions, Sarbanes-Oxley established an independent five-member watchdog agency, the Public Company Accounting Oversight Board (PCOAB), to oversee audits of public company financial statements; required corporate financial officers to certify accuracy of financial statements; required public companies to certify in ...
Sarbanes-Oxley Act current status is discussed. The executives opinions are analyzed.