Sarbanes-Oxley Act Knowledge Base

The act was signed into law in 2002 and is an imperative piece of legislation affecting corporate governance, public accounting and financial disclosures. Our Sarbanes-Oxley Act knowledge base includes information about how the act impacts the accounting profession, non-audit service restrictions, federal regulatory activities related to the act for non-public entities and more. Here, you can learn more about the Sarbanes-Oxley Act of 2002 a must-read for any corporate executive.

About 15 to 20 percent of companies undergo some sort of compensation audit, and many come out with a clean bill of health. But non-compliant companies waste time and money, not to mention garner a lot of unwanted attention. When all is said and done, it is the employees who lose faith in the company and are not motivated to continue working for such an organization. This is why we’ve provided these resources -- it’s important to know the rules of the playing field and to make sure your company sticks to them.

To help you understand the Sarbanes-Oxley Act we have provided the following sources of information:

 

Transparency International

TI-USA is the U.S. chapter of Transparency International (TI), the Berlin-based non-profit, non-partisan organization founded in 1993 to curb corruption in international transactions. Through its network of chapters in over 90 countries, TI encourages governments to implement effective anti-corruption laws and policies, promotes reform through international organizations and raises public awareness. Read more.

 

SEC: Self-Regulatory Organizations Rulemaking - Release No. 34-48108 - Relating to Equity Compensation Plans

Self-Regulatory Organizations; New York Stock Exchange, Inc. and National Association of Securities Dealers, Inc.; Order Approving NYSE and Nasdaq Proposed Rule Changes and Nasdaq Amendment No. 1 and Notice of Filing and Order Granting Accelerated Approval to NYSE Amendments No. 1 and 2 and Nasdaq Amendments No. 2 and 3 Thereto Relating to Equity Compensation Plans Read more.

 

SEC Implements Internal Control Provisions of Sarbanes-Oxley Act; Adopts Investment Company R&D Safe Harbor

Washington, D.C., May 27, 2003 -- The Securities and Exchange Commission today voted to adopt rules concerning management's report on internal control over financial reporting and certification of disclosures in Exchange Act periodic reports. The Commission also voted to adopt new Rule 3a-8 under the Investment Company Act to provide a nonexclusive safe harbor from the definition of investment company for certain research and development companies. Read more.

 

Banking Regulators Statement on Application of Sarbanes-Oxley

The Federal Reserve Board, the Office of the Comptroller of the Currency and the Office of Thrift Supervision issued a "Statement on Application of Recent Corporate Governance Initiatives to Non-Public Banking Organizations" to address the questions they have received concerning whether they intend to require banking organizations that are not public companies to comply with the provisions of the Sarbanes-Oxley Act...Read more.

 

FAQ: U.S. Securities and Exchange Commission Information

Frequently Asked Questions about the Sarbanes-Oxley Act. Read more.

 

Non-Audit Service Restrictions of the Sarbanes-Oxley Act Article

Non-Audit Service Restrictions of the Sarbanes-Oxley Act. Analyze and implement current practices. Read more.

 

Aspects of Sarbanes-Oxley Act Explained

Additional provisions of Sarbanes-Oxley that have important ramifications, especially for public accounting firms that are auditing public companies. Read more.

 

Landmark Accounting with Reform Legislation Signed into Law

High-profile business failures culminating in a media fixation on Enron called into question the effectiveness of the profession's self-regulatory process... Read more

 

Summary of Sarbanes-Oxley Act of 2002

Sarbanes-Oxley impacts any CPA actively working as an auditor of, or for, a publicly traded company. The basic implications of the Act for accountants are summarized in this article. Read more.

 

How the Sarbanes-Oxley Act of 2002 Impacts the Accounting Profession

How the Sarbanes-Oxley Act of 2002 impacts the Accounting profession. Read more.