Summary Of The Sarbanes-Oxley Act

The Sarbanes-Oxley Act is a mandatory legislation which had came into force in 2002 with the changes in regulation of corporate governance and of financial practice. There are Periodic Statutory financial reports which are to include certification that the financial statements and related information fairly prestent the financial condition and the results in all material respects information on any fraud that involves employees who are involved with internal activities. There are some requirements that the organizations will not try to avoid by reincorporating in the activities or trasferring the activties outside of the United States. The certification of financial statements should be published and requires issuers of reports to inform the