The Sarbanes-Oxley Act: Overview and Implementation Procedures Manual

Chapter 1: The Sarbanes-Oxley Act

Overview

SECTION 1. SHORT TITLE; TABLE OF CONTENTS

  1. SHORT TITLE This Act may be cited as the "Sarbanes-Oxley Act of 2002"

  2. TABLE OF CONTENTS The table of contents for this Act is as follows:

    Sec. 1

    Short title; table of contents

    Sec. 2

    Definitions

    Sec. 3

    Commission rules and enforcement

TITLE I PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD

Sec. 101

Establishment; administrative provisions

Sec. 102

Registration with the Board

Sec. 103

Auditing, quality control, and independence standards and rules

Sec. 104

Inspections of registered public accounting firms

Sec. 105

Investigations and disciplinary proceedings

Sec. 106

Foreign public accounting firms

Sec. 107

Commission oversight of the Board

Sec. 108

Accounting standards

Sec. 109

Funding

TITLE II AUDITOR INDEPENDENCE

Sec. 201

Services outside the scope of practice of auditors

Sec. 202

Pre-approval requirements

Sec. 203

Audit partner rotation

Sec. 204

Auditor reports to audit committees

Sec. 205

Conforming amendments

Sec. 206

Conflicts of interest

Sec. 207

Study of mandatory rotation of registered public accounting firms

Sec. 208

Commission authority

Sec. 209

Considerations by appropriate State regulatory authorities

TITLE III CORPORATE RESPONSIBILITY

Sec. 301

Public company audit committees

Sec. 302

Corporate responsibility for financial reports

Sec. 303

Improper influence on conduct of audits

Sec. 304

Forfeiture of certain bonuses and profits

Sec. 305

Officer and director bars and penalties

Sec. 306

Insider trades during pension fund blackout periods

Sec. 307

Rules of professional responsibility for attorneys

Sec. 308

Fair funds for investors

TITLE IV ENHANCED FINANCIAL DISCLOSURES

Sec. 401

Disclosures in periodic reports

Sec. 402

Enhanced conflict of interest provisions

UNLIMITED FREE
ACCESS
TO THE WORLD'S BEST IDEAS

SUBMIT
Already a GlobalSpec user? Log in.

This is embarrasing...

An error occurred while processing the form. Please try again in a few minutes.

Customize Your GlobalSpec Experience

Category: Accounting and Financial Services
Finish!
Privacy Policy

This is embarrasing...

An error occurred while processing the form. Please try again in a few minutes.