Question

what were the main features of sarbanes oxley act? breifly explain 500 words

Answer 1

Saturday 005359 week 12m Answers! SARBANES Oxley C sox) ACT * The Rules and enfor bement policies outlined in The sarbans -oxley Act 2002 Amended of supplemented existing lows deling with security regulation including the secunties exchange set 1934, and other laws enforced 11.00 by the securities and exchange Commission (SEC) 30 The New law set out Reforms and Additions 12.00 nood in four principal Areas! 12.30 17 Corporate Responsibility. 1.00 2) Increased criminal punishment 3) Accounting Regulations. 4) New protections Key features of Sarbanes oxley get? 2.30 3.00 330 1) The Act of 2002 is a complex cand lenghthy 400 piece of Legislation 2) This Det are commonly reffered to by their so section Number section 302, section 404, section 802 500) The sox Act of 2002 also outline Requirment for Information Technologe, depoodment regarding electronic records. 6.00 Evening

Sunday 007358 week 1 8.00 am ec 830 9:30 10.00 10.30 4) Sox of 2002 is a low the us Congress pas 200 on July 30 of that years to help protect Investors from fraudulent financial Reporting by Corporations. 5) This Act 2000 otso known as Corporate Responsibility Act of 2002 1130 6) AA The Act Also added New Criminal Penalties 12.00 noon for violating securities low. -2307) The Sarbanes oxley set of 2002 Came in . so Response to highly publicized Corporate financial 3 Scandals earlier that decade. 11.00 00 200 8) The Sox set of 2002 Came in Response to financial scandals in the early 2000s involving publicly Traded Companies such as Enron Corporation Tyco International plc, and world com. 30