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Overview:
The high-profile corporate scandals of several U.S. based companies, most notably Enron and WorldCom, led Congress to act to restore public confidence in U.S. financial markets. The result was the Sarbanes-Oxley Act of 2002 (often referred to as SOX) which set strict guidelines for financial disclosure and reporting for all exchange and NASDAQ listed public companies under the jurisdiction of the U.S Securities and Exchange Commission (SEC). This covers both U.S. and foreign-based enterprises. During this same timeframe, the European Union (EU) has been trying to eliminate barriers to cross-border trading in its efforts to create a single capital market.
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| Format: | Size: | 34 KB | |
| Date: | Jan 2005 | ||
| Pages: | 4 |
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