Congress created the Sarbanes
Oxley Act of 2002 "to protect investors by improving the
accuracy and reliability of corporate disclosures made pursuant
to the securities laws, and for other purposes."
This Act addresses eleven separate titles such as Title III-Corporate
Responsibility and Title IV-Enhanced Financial Disclosure
and also outlines white-collar crime penalties as well as
CEO and CFO accountability and responsibility.
All in all SOX is very serious and far reaching, with major
compliance issues rapidly approaching. YCA can create a solid
foundation and thorough roadmap to navigate your company to
efficient and effective SOX compliance.
Key SOX Sections
302
- Corporate responsibility for financial reports.
401
- Disclosures in periodic reports.
404
- Management assessment of internal controls.
409
- Real time issuer disclosures.
802
- Criminal penalties for altering documents.
906
- Corporate responsibility for financial reports.
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