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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 ?
If you're more old school, plain or dress socks are the way to go!
Shepps accepted the sock. "She misses her father," he said, then frowned and fiddled with Gwen's elbow.
The brand's founder John Lee says, "I first began this brand to design socks for my pregnant wife who couldn't find comfortable socks to wear with her heels.
Shaklee opened her retail store, which sells quirky and colorful socks in an array of patterns, textures, and lengths, in 2011.
"If socks are nonbinding but walk into the shoe they can cause more harm than good by bunching up in the shoe and causing abrasions," Roundy points out.
Sticking a couple of socks on your hands for a laugh is the kind of thing you might get up to with your pals after a drunken night out.
"This year, we have four large retailers stocking our socks in Japan and with our orders growing by such an amount it has been a real credit to our staff that turned round such a large order.
"This phenomenon has long been an affliction of regular washers and these research findings will surely resonate with everybody who has pulled a single sock out of the washer drum.
Zafer Caglayan said Turkey was the number two sock exporter in Europe and number three in the world.
Available in five funky designs, the product that no mum can do without is set to fly off the shelves, making Sock Ons a must-have purchase for new parents everywhere.
18 said it has voted to notify Honduras of its intent to apply a textile safeguard measure on cotton socks imported into the US.