Sarbanes-Oxley Act of 2002 (SOX)
Market reform legislation sponsored by Senator Paul Sarbanes and representative Michael Oxley in the wake of a Series of Wall Street corruption scandals, including Enron and WorldCom. The primary focus of Sarbanes-Oxley was to improve the accuracy of financial information disclosed by U.S. public companies and foreign companies with a U.S. presence. SOX also provided for civil and criminal penalties for violations of the Act.
Browse by Subjects
Public Company Accounting Oversight Board (PCAOB)
public accounting firm
public company
CEO/CFO certification
See All Related Terms »

foreign exchange dealing
financial intermediary
second mortgage