October 23, 2014  
 
  Entrepreneurs  
  Sarbanes Oxley Act for Dummies  
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The Sarbanes-Oxley Act was enacted in July 2002 to address the financial scandals perpetrated by companies like Enron, Tyco , Adelphia, and WorldCom.

We think it's important that entrepreneurs understand Sarbanes-Oxley because it has created a number of entrepreneurial opportunities (e.g. starting a Sarbanes-Oxley compliance consulting business) and simply because it's part of today's business lexicon.

Sarbanes-Oxley Act

  • The Sarbanes-Oxley Act: Help for Small Businesses - The Sarbanes-Oxley Act was passed in 2002 after a number of corporate scandals including Tyco International, WorldCom, and most notably, Enron. While this legislation does not apply to private firms, it is important information for entrepreneurs to know because it dictates how all public companies are required to disclose financial information and highlights some of the faulty accounting and dishonest business practices which contributed to the recession of the early 2000s. This article focuses on how Sarbanes-Oxley affects small businesses.
  • The Sarbanes-Oxley Act: An Introduction - The Sarbanes-Oxley Act was passed in 2002 after a number of corporate scandals including Tyco International, WorldCom, and most notably, Enron. While this legislation does not apply to private firms, it is important information for entrepreneurs to know what Sarbanes-Oxley is.
  • The Sarbanes-Oxley Act: Title I - The Sarbanes-Oxley Act dictates how all public companies are required to disclose financial information. This article focuses on Title I of the Sarbanes-Oxley Act, which defines the role of the Public Company Accounting Oversight Board.
  • The Sarbanes-Oxley Act: Title III—Audit Committees - This article focuses on the first half of Title III of the Sarbanes-Oxley Act. Title III of Sarbanes-Oxley outlines various guidelines for corporate responsibility.
  • The Sarbanes-Oxley Act: Title V - Financial and industry analysts played a large role in the financial scandals that brought down the economy. This article focuses on the Title V of the Sarbanes-Oxley Act, a section that specifically addresses Analyst Conflicts of Interest with the aim of keeping securities analysts on the straight and narrow.
  • The Sarbanes-Oxley Act: Title VII— Past Violators and Investment Banks - This article focuses on the second half of Title VII of the Sarbanes-Oxley Act. This section of the Act looks at how investment banks contributed to the financial crisis.

  • The Sarbanes-Oxley Act: Title III—Blackout Periods - This article focuses on the second half of Title III of the Sarbanes-Oxley Act. Title III of Sarbanes-Oxley outlines various guidelines for corporate responsibility.
  • The Sarbanes-Oxley Act: Title VIII - This article focuses on Title VIII of the Sarbanes-Oxley Act, which addresses Corporate And Criminal Fraud Accountability.
  • The Sarbanes-Oxley Act: Title IV - This article focuses on the Title IV of the Sarbanes-Oxley Act. Title IV of Sarbanes-Oxley deals with public company financial reporting and the enhanced financial disclosures required by the Act.
  • The Sarbanes-Oxley Act: Title II - The Sarbanes-Oxley Act highlighted some of the faulty accounting and dishonest business practices which contributed to the recession of the early 2000s.This article focuses on Title II of the Sarbanes-Oxley Act, a section of the Act that discusses auditor independence.
  • The Sarbanes-Oxley Act: Title IX-XI - In our final article reviewing the Sarbanes-Oxley Act, we focus on Titles IX-XI. Respectively, these sections of the Act deal with White-Collar Crime Penalty Enhancements, Corporate Tax Returns, and Corporate Fraud And Accountability.
  • The Sarbanes-Oxley Act: Title VI - This article focuses on the Title VI of the Sarbanes-Oxley Act, also known as the Commission Resources and Authority. In this section of the Act, some common penny stock scams are specifically addressed.
  • The Sarbanes-Oxley Act: Title VII—Accounting Firms and Credit Rating Agencies - This article focuses on the first half of Title VII of the Sarbanes-Oxley Act, also referred to as the Studies and Reports section of the Act. This part of Sarbanes-Oxley looks at some intrinsic problems associated with the accounting industry.

 

 

 

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