Sarbanes-Oxley Act of 2002 (SARBOX), (SOX)
Term · Insurance and risk management · MLC-T-INS-003017
A federal law enacted to protect investors by improving the accuracy and reliability of financial reporting by public companies. It established new or enhanced standards for all U.S. public company boards, management, and public accounting firms. Key provisions include requirements for internal controls, auditor independence, and corporate responsibility, significantly impacting corporate governance and directors and officers liability.
| Identifier | MLC-T-INS-003017 |
|---|---|
| Field | Insurance and risk management |
| Subject | Management Liability |
| Abbreviation | SOX |
Record as JSON
{
"id": "MLC-T-INS-003017",
"term": "Sarbanes-Oxley Act of 2002 (SARBOX), (SOX)",
"field": "Insurance and risk management",
"definition": "A federal law enacted to protect investors by improving the accuracy and reliability of financial reporting by public companies. It established new or enhanced standards for all U.S. public company boards, management, and public accounting firms. Key provisions include requirements for internal controls, auditor independence, and corporate responsibility, significantly impacting corporate governance and directors and officers liability.",
"abbreviation": "SOX",
"subject": "Management Liability",
"url": "https://mlchart.com/terminology/insurance/sarbanes-oxley-act-of-2002-sarbox-sox/"
}
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