“An excellent industry focused overview of the subject pitched at the right level for all attending. We took value from the day as a team.” Director, Barclays Insurance Services Ltd

Sarbox

The Sarbanes-Oxley Act of 2002, also known as the Public Company Accounting Reform and Investor Protection act of 2002 (Sarbox or SOX) is a US federal law enacted as a reaction to a number of major US corporate and accounting scandals including Enron, WorldCom, Tyco International and Adelphia.

The aim of the act was to restore investor confidence by setting new or enhanced standards for all US public company boards, management and public accounting firms. The content of Sarbox ranges from corporate board responsibilities to criminal penalties and required the SEC to implement rulings on requirements to comply with the law.

The 11 Titles, or sections, of Sarbox that describe specific mandates and requirements for financial reporting are:

• Public Company Accounting Oversight Board
• Auditor Independence
• Corporate Responsibility
• Enhanced Financial Disclosures
• Analyst Conflicts of Interest
• Commission Resources and Authority
• Studies and Reports
• Corporate and Criminal Fraud Accountability
• White Collar Crime Penalty Enhancement
• Corporate Tax Returns
• Corporate Fraud Accountability

To discuss your requirements to enhance internal control and review your Board’s governance contact CTP Global now...

 
Good Governance: Great Performance