What is the Sarbox Act or Sarbanes-Oxley Act ?
 

• Sarbanes-Oxley is a US law passed in 2002 to strengthen Corporate governance and restore investor confidence. Act was sponsored by US Senator Paul Sarbanes and US Representative Michael Oxley.
• Sarbanes-Oxley law passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States. These scandals resulted in a loss of public trust in accounting and reporting practices.
• Legislation is wide ranging and establishes new or enhanced standards for all US public company Boards, Management, and public accounting firms.
• Sarbanes-Oxley  law contains 11 titles, or sections, ranging from additional Corporate Board responsibilities to criminal penalties. Requires Security and Exchange Commission (SEC) to implement rulings on requirements to comply with the new law.

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  Recent News related to Sarbanes Oxley
  
  

  United States: Transactional and Securities Update Mondaq News Alerts (subcription), UK - 51 minutes ago ... Prior to the passage of the Sarbanes-Oxley Act (SOX) in August 2002, executives were required to report publicly their option grants once a year, on their ... Markets not prepared for another terror attack Ventura County Star (subscription), CA - 1 hour ago ... to certify and accredit major systems for information securities risk, something every public company has had to do under the Sarbanes-Oxley securities law. ...