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This is a listing of some of the more common terms and definitions associated
with Sarbanes Oxley and Sarbanes Oxley compliance, and Sarbanes Oxley Software.
Sarbanes-Oxley:
Sarbanes Oxley Compliance Definition
The Sarbanes-Oxley Act (officially titled the Public Company Accounting
Reform and Investor Protection Act of 2002), was signed into law
on 30 July 2002 by President George W. Bush, is considered the
most significant change to federal securities laws in the United
States since the New Deal. It came after of a series of corporate
financial scandals, including those affecting Enron, Arthur Andersen,
and WorldCom. The law is named for sponsors Senator Paul Sarbanes
(D-MD) and Representative Michael G. Oxley
(R-OH). It was approved by the House by a vote of 423-3 and by
the Senate 99-0.
The Act was designed to update legislative audit requirements.
The goal of the act was to protect investors by improving the
accuracy and reliability of corporate disclosures. The act covers
issues such as establishing a public company accounting oversight
board, auditor independence, corporate responsibility and enhanced
financial disclosure.
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The company’s solutions provide the visibility, decision support and
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Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
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For more information on OpenPages' suite of business governance software solutions
or to register for an online demonstration, please call 781-693-5999 or visit
www.openpages.com.
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