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Sarbanes Oxley Act of 2002

Legislation in the United States, passed in 2002, intended to increase transparency in accounting practices. It was adopted in the wake of a series of scandals involving aggressive accounting on the part of a number of major accounting firms, notably Arthur Andersen. Among other provisions, it created the Public Accounting Oversight Board to regulate accounting firms that provide auditing services. It established and enhanced provisions for auditor independence and financial disclosures to limit potential conflicts of interest. It introduced a requirement that the chief executive officer must sign a corporation's tax return and enhanced punishments for white collar crime. Proponents argue that the Act has increased transparency in public accounting, while critics contend that it has driven business outside the United States.


See Sarbanes-Oxley Act of 2002.

References in periodicals archive ?
After meeting in the Sound Exchange club they went on to a party at a mate's house.
com, Sound Exchange, Hastings, Spinnaker Records, Metal Haven, Generation Records, Impulse Music, Amoeba Music, Sound and Vision Planet, Paradise Records, Starship Records, Best.
The company is one of less than five streaming companies licensed by the RIAA's digital rights organization, Sound Exchange and one of the only streaming companies with a license agreement that allows radio stations to pay music royalties as a percent of revenue vs.
Ray was also at one time the Director of Information Technology for Music Sound Exchange, a division of Warner Music Group, where he was responsible for all areas of technology including database management, direct mail marketing campaigns, PC and network support, Internet communication, and applications development.