Sarbanes-Oxley Law:

Sarbanes-Oxley Act had been passed in the year 2002, significantly to strengthen corporate governance and to restore investors’ confidence. This act has been mainly passed to prevent the corporate and accounting scandals of prominent public companies, and to protect the loss of public trust among the investors. Sarbanes-Oxley Act protects the investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws and for other purposes.

The Sarbanes-Oxley Act also provides Whistleblower protection to safeguard the rights of an employee who assists in an investigation of fraud or other conduct by Federal regulators, congress or supervisors. The act also protects the employee to file or participate in a proceeding relating to fraud against shareholders.

Sarbanes-Oxley Sections:

• Public Company Accounting Oversight Board(Section 101 thru 109)
• Auditor Independence(Section 201 thru 209)
• Corporate Responsibility(Section 301 thru 308)
• Enhanced Financial Disclosures(Section 401 thru 409)
• Analysis Conflicts of Interest(Section 501)
• Commission Resources and Authority(Section 601 thru 604)
• Studies and Reports(Section 701 thru 705)
• Corporate and Criminal Fraud Accountability(Section 801 thru 807)
• White Collar Criminal Penalty Enhancements(Section 901 thru 906)
• Corporate Tax Returns(Section 1001)
• Corporate and Fraud Accountability (Section 1101 thru 1107)

Next:Advantages of Sarbanes