BI Glossary - Sarbanes-Oxley

Business Intelligence BI Glossary - Sarbanes-Oxley

The purpose of the Sarbanes-Oxley Act - signed into law on July 30 2002 - is to review legislative audit requirements and to protect investors by improving the accuracy and reliability of corporate disclosures. Sarbanes-Oxley covers issues such as establishing a public company accounting oversight board, auditor independence, corporate responsibility and enhanced financial disclosure. It also significantly tightens accountability standards for directors and officers, auditors, securities analysts and legal counsel. The law is named after Senator Paul Sarbanes and Representative Michael G. Oxley.

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