Sarbanes-Oxley Act

UNITED STATES SUPREME COURT EXPANDS SARBANES-OXLEY WHISTLEBLOWER PROTECTION

In the early 2000s, corporate and accounting scandals involving Enron, Tyco, WorldCom, and other publicly traded companies cost investors billions of dollars and prompted federal legislation to reform corporate financial practices. The Sarbanes-Oxley Act (SOX) covers everything from mandatory financial disclosures to enhanced penalties for white-collar crime to requiring a company’s CEO to sign corporate tax …

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