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November 2002 Clientele An informational bulletin from Goodwin Procter SarbanesOxley Act of 2002 and Related SEC Rule making: the Impact on Registered Investment Companies On July 30, 2002, President
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The Sarbanes-Oxley Act (SOX) is a US federal law passed in 2002 to protect investors by increasing financial transparency and accountability of public companies.
All public companies listed on US stock exchanges are required to comply with the Sarbanes-Oxley Act.
Filling out the Sarbanes-Oxley Act involves implementing a framework of internal controls, ensuring accurate financial reporting, and performing independent audits to verify compliance.
The main purpose of the Sarbanes-Oxley Act is to protect investors and maintain the integrity of financial markets by imposing stricter regulations and corporate governance standards on public companies.
Companies subject to the Sarbanes-Oxley Act must report financial statements, disclosures of internal control procedures, and certifications of accuracy and fairness from management.
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