The Sarbanes-Oxley law was enacted as a result of a number of corporate and accounting scandals.
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America's 2002 Sarbanes-Oxley law makes chief executives and chief financial officers criminally liable for misstating financial results.
In fact, the solution deals with the audit requirements for companies, such as with the pesky Sarbanes-Oxley law.
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Even after the Sarbanes-Oxley law, which forced public companies to adhere to a new oversight paradigm, the GSEs escaped with minimal scrutiny.
PCAOB, I laid out changes to the Sarbanes-Oxley law that could be considered if the Court declared the Public Company Accounting Oversight Board unconstitutional.
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This trend has existed ever since the Enron and WorldCom scandals (and the subsequent Sarbanes-Oxley law) and probably relates to the desire of executives to avoid being sued or prosecuted.
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Immediately after the Sarbanes-Oxley law was passed, audit firms were unwilling to risk scrutiny by the PCAOB and potential litigation under Sarbanes-Oxley over questionable accounting treatments or ones they were possibly coerced into agreeing to or ignoring for the sake of the relationship.
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With great gusto, Bush signed Sarbanes-Oxley, a law meant to turn CEOs into accountants.
Congress created the Public Company Accounting Oversight Board as part of the Sarbanes-Oxley accounting reform law in 2002.
But the loan provision, just three paragraphs in the Sarbanes-Oxley financial reform law, leaves much unclear, including what a loan is and what modifying a loan means.
Sarbanes-Oxley, a law aimed at preventing Enron-style frauds, has made it so difficult to list shares on an American stockmarket that firms increasingly look elsewhere or stay private.
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Indeed, what if Bush had vetoed Sarbanes-Oxley, a law cruelly foisted on the economy in 2002 after the Enron and Worldcom scandals failed to spook the markets much at all.
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Post Sarbanes-Oxley, a 2002 law imposing stringent new corporate requirements, board membership has become a tightly regulated, formal affair.
Moreover, the ruling may force a more narrow reading of the new document-retention law under Sarbanes-Oxley.
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Sarbanes-Oxley, the often-reviled law that requires enhanced disclosure of accounting practices, seems to have put a stop to the backdating practice after its passage in 2002.
Lobbying from big accounting firms, that have been prime beneficiaries of Sarbanes-Oxley, is also likely to keep parts of the law in place.
Gensler was also an instrumental player in the Sarbanes-Oxley act, and remember what a great job that law did in preventing financial strife?
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Sarbanes-Oxley also comes to mind here in that an ill-conceived law that turned public company CEOs into accountants has surely poured gasoline on the above fire.
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The Dodd-Frank financial law broadened the rules instituted in the 2002 Sarbanes-Oxley Act, which gave companies the power to recoup pay from top executives after a financial restatement or certain misconduct.
The law under which Andersen was tried has largely been replaced by Sarbanes-Oxley, a controversial bill passed during the height of outrage over white-collar crime.
To put it very simply, Sarbanes-Oxley has made going public far less attractive to smaller, innovative companies lacking the infrastructure to comply with the law.
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Some, such as Jeff Skilling of Enron and Tyco's Dennis Kozlowski, broke the law and helped inspire a dramatic tightening of government regulation, in the form of the Sarbanes-Oxley legislation.
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