Sarbanes-Oxley Act
Sarbanes-Oxley Act is a law passed by Congress that requires the CEO and CFO to certify that their firm's financial statements are accurate.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Sarbanes-Oxley Act. A law passed by Congress that requires the CEO and CFO to certify that their firm's financial statements are accurate.
According to the Strategic Management by Parnell (4th edition),
- Sarbanes-Oxley Act. Legislation passed in 2002 that created more detailed reporting requirements for boards and executives in public U.S. companies and accounting firms.
According to the HRBoK Guide,
- Sarbanes-Oxley Act. A U.S. law that sets specific standards for public companies. A broad range of legal regulations that strengthen corporate accounting controls in the United States.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
