"Sarbanes-Oxley"   If this is one of the sets of words that fills you with dread, you should get educated now.  If you do not know what the Sarbanes-Oxley Act of 2002 is, and whether it applies to your corporation, you should know! The information on this federal act and the education we do on it, is at our separate corporate seminar site of Corporate-Ethics.US .

Go to Corporate-Ethics.US, the division of Bucklin.Org for corporate ethics and governance education, seminars, training, consultations, and projects.

Sarbanes-Oxley was sponsored by US Senator Paul Sarbanes and US Representative Michael Oxley. This federal legislation was passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States. These scandals resulted in a loss of public trust in corporate America, and the act intended to restore public confidence in a corporate governance, by providing more self-disclosure. Sarbanes-Oxley covers issues such as corporate governance, internal control assessment, and enhanced financial disclosure.

The Sarbanes-Oxley Act of 2002 (Pub.L. 107-204, 116 Stat. 745, enacted July 30, 2002), also known as the Public Company Accounting Reform and Investor Protection Act of 2002 is commonly called Sarbanes-Oxley, Sarbox or SOX.

Sarbanes-Oxley legislation is wide ranging and establishes new or enhanced standards for all US public company boards, management, and public accounting firms.  Whether it has any beneficial effect can be debated.  Let's face it: for example, for an outside account to challenge its client's accounting approach might damage a client relationship, conceivably placing a significant auditing contract, damaging the auditing firm's bottom line. Therefore SOX also had to create created a new, quasi-public agency, the Public Company Accounting Oversight Board, or PCAOB, charged with overseeing, regulating, inspecting and disciplining accounting firms in their roles as auditors of public companies.  Yet, today, after the financial disclosures of wrongdoing in major financial companies, it appears that "outside" auditors still fail to accomplish discovery of huge schemes of deception.  That's why we believe effective corporate governance is something that is best accomplished within the company, not best accomplished by externally required check-the-box regulations.

Our corporate business educational services division's maxim: "Distinguished experts delivering customized education."   The corporate business ethics seminar service is by the group of business ethics experts known as Corporate-Ethics US™.

Corporate-Ethics US™ (CEUS) is a round table group of distinguished business ethics Ph.D. and J.D. experts that provide corporate business ethics seminar education, governance advice, and crisis management consultations.

Pragmatic business ethics advice to prevent and contain corporate crisis.

Go to Corporate-Ethics.US, the division of Bucklin.Org for corporate ethics and governance education, seminars, training, consultations, and projects.

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