Sarbanes-Oxley Act

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Sarbanes-Oxley Act

  • The Sarbanes-Oxley Act of 2002 included reforms in corporate governance and the accounting profession intended to

    • improve corporate financial reporting and internal control
    • strengthen audit committees
    • change the relationship between the auditor and client
    • improve auditor independence
    • provide additional auditor assurance over internal control
    • provide oversight and regulation for auditors of publicly traded companies

  • Reforms are currently being implemented, and final impact is still uncertain.