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In which year was the Sarbanes Oxley Act passed?

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Question added by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator
Date Posted: 2016/03/25
Raza Hussain
by Raza Hussain , Accountant , Dawn Institute of Computer Sciences

The legislation came into force in 2002 and introduced major changes to the regulation of financial practice and corporate governance. Named after Senator Paul Sarbanes and Representative Michael Oxley, who were its main architect

An over-arching public company accounting board was also established by the act, which was introduced amidst a host of publicity.

Rishi Mathur Rishi
by Rishi Mathur Rishi , Project Leader , Sears Holding India

The act was passed in 2002

Deleted user
by Deleted user

In 2002, in reaction to a number of corporate frauds, Congress passed the Sarbanes-Oxley Act authorizing the creation of the Public Company Accounting Oversight Board (PCAOB) to oversee the accounting profession.

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