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Sarbanes-Oxley Act (n)

/ˌsɑːbeɪnz ˈɒksli ˌækt//ˌsɑːbeɪnz ˈɒksli ˌækt/

US government legislation introduced to ensure honest accountancy and corporate governance practices in US companies

đạo luật SARBANES-OXLEY

Sarbanes_Oxley_Act.jpg
The Sarbanes-Oxley Act, enacted in 2002, aimed to enhance corporate accountability and transparency.
Companies subject to the Sarbanes-Oxley Act must adhere to strict financial reporting and disclosure standards.
The Sarbanes-Oxley Act introduced measures to protect investors from corporate fraud and misconduct.
Compliance with the Sarbanes-Oxley Act requires companies to establish rigorous internal control systems.

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