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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.
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See Sarbanes-Oxley Act of 2002.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The White Sox play two games against the Cubs at home July 7-8 and two at Wrigley Field July 20-21.
However, seeing visitor arrival figures doubling in such short a time (3.1 million in 2015 to 6.6 million in 2018) seems to indicate that SOX is actually not just 'next' but 'now'.
However, the middle-of-the-order White Sox RBI men ("Black" Sox Joe Jackson, Buck Weaver, and Happy Felsch) went 8 for 34 in the series (.235) and drove in only one run with those eight hits.
Wynn's departure before the 1963 season made the White Sox pitching staff's turnover from 1959 complete, but the quality of the mound work was not compromised.
If the skies get too bright, you can always break out a pair of Official Red Sox Sunglasses, made by Oakley, and available in the Official Red Sox Store, with its hundreds of Official Red Sox Souvenirs provided by Fanatics, including Official Red Sox Ladies' Thongs, Panties and Capris.
Exhibit 3 shows audit firm dismissal and resignation rates across the engagement timeline and by time period (pre-SOX, SOX implementation, post-SOX).
SOX was/is an overreaction to the lack of prosecution for which those who are already victims must pay yet again for the sins of the greedy few.
Q: What portion of SOX compliance services gives companies the most headaches?
Regulations also change over time based on public comment and refinements, and compliance deadlines may change as well--as they have several times for small company compliance with SOX, now slated for June of 2006.
Through the partnership CVS will be recognized as the "Official Pharmacy of the Red Sox." The retailer will receive naming rights to sections 32 and 33 at Fenway Park.
"We've been using Enterprise Auditor for a while, so we were well prepared to meet SOX requirements.
Lest it seem that Hood is belatedly jumping on the Red Sox bandwagon, it should be noted that the company's partnership with the Red Sox began in 2001 with the launch of the Hood Home Team Advantage charity program, which benefits 13 children's hospitals throughout New England.