Law and Government White Papers
Sarbanes-Oxley Act Adds New Corporate Responsibility and Disclosure Requirements and Creates Auditor Oversight Board
Overview President Bush has signed new legislation, which includes what he calls "the most far-reaching reforms of American business practices since the time of Franklin Delano Roosevelt." The new law reflects a Congressional response to the series of highly publicized business scandals, earnings restatements, pension losses and bankruptcies that have been in the headlines over the past nine months. The legislation aims to prevent these practices by revising corporate governance standards, adding new disclosure requirements, creating new federal crimes related to fraud, significantly increasing the criminal penalties for violations of the securities laws and creating a strong auditor oversight board.
| Publisher | Fried, Frank, Harris, Shriver & Jacobson | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | August 2002 | Downloads | 4 |
| Format | White Papers | ||
| Topics | |||
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