What is Sarbanes-Oxley?

Following on the heals of a slew of corporate accounting scandals, the US Congress passed the 2002 Sarbanes-Oxley act. This made sweeping changes to corporate governance, audit and reporting. In this handy book, attorney Lander explains in non-technical terms what the law means. He explains the laws provisions as well as other requirements implemented by the SEC, NYSE and Nasdaq in response to the new law. He points our how the law modifies or interacts with pre-existing legislation.

 

Be aware that this is a lawyer's perspective. Discussions of the law's history, merits, practical implementation, or likely impact do not appear here. What Lander does is walk you step by step through the law's many provisions. The book is short, so it can be read in a sitting or two. It closes with a nice compliance checklist. For a quick but authoritative summary of Sarbanes-Oxley, this book can't be beat.

Contents

1. An overview of the Sarbanes-Oxley Act

2. Disclosure controls and procedures

3. Management's discussion and analysis

4. Non-GAAP financial measures (regulation G)

5. Real-time disclosures and increased SEC review of periodic reports

6. Corporate governance standards

7. The audit committee

8. Codes of conduct and ethics, governance guidelines

9. Other standards applicable to directors or officers

10. Auditor independence

11. Oversight board and regulation

12. Attorney professional responsibility (Section 307)

13. Employee whistle-blower protection

14. Misconduct, penalties, and statutes of limitations

 

For related books, see sections:

Other Topics - Regulation

History - Enron Debacle

History - Bubbles & Blow-ups

 

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