Sarbanes-Oxley compliance

Sarbanes-Oxley Compliance refers to a U.S. law enacted in 2002 to enhance corporate accountability and protect investors after financial scandals. It requires public companies to improve their financial reporting, ensure accurate disclosures, and establish internal controls. Companies must regularly verify the integrity of their financial data and report any discrepancies. Executives can face severe penalties for non-compliance, including fines or imprisonment. Overall, the law aims to restore trust in the financial system by promoting transparency and ethical practices in corporate governance.