In this document we will discuss about Sarbanes Oxley Act and below are the summary points of this document:-
The Sarbanes Oxley Act requires companies to comply with various requirements, including certification of financial statements, establishment of internal control systems, and adherence to a code of ethics.
The Act establishes standards for independent audit committee members and prohibits them from receiving compensation from the company for their service on the board.
The Act also specifies new requirements for companies going public, including the appointment of independent directors, the formation of an audit committee, and acceptance of a code of conduct and ethics.