Sarbanes-Oxley provisions

The Sarbanes-Oxley Act is a law enacted in 2002 to improve the accuracy and reliability of corporate financial reporting. It sets strict rules for companies and their leaders to ensure financial statements are truthful and transparent. Key provisions include requiring top executives to personally verify financial reports, strengthening internal controls to prevent fraud, and increasing penalties for misconduct. The goal is to protect investors, boost confidence in markets, and promote ethical corporate behavior by making companies more accountable for their financial practices.