Book Description:
The Sarbanes-Oxley Act of 2002, P.L. 107-204. described by some as the most important and far-reaching securities legislation since passage of the Securities Act of 1933, 15 U.S.C. §§ 77a et seq., and the Securities Exchange Act of 1934, 15 U.S.C. §§ 78a et seq., both of which were passed in the wake of the Stock Market Crash of 1929. The Act establishes a new Public Company Accounting Oversight Board which is to be supervised by the Securities and Exchange Commission. The Act restricts accounting firms from performing a number of other services for the companies which they audit. The Act also requires new disclosures for public companies and the officers and directors of those companies. Among the other issues affected by the new legislation are securities fraud, criminal and civil penalties for violating the securities laws and other laws, blackouts for insider trades of pension fund shares, and protections for corporate whistleblowers..This book contains important analyses on the impact of this Act.

Table of Contents:
Preface

Chapter 1 - Sarbanes-Oxley and the Competitive Position of U.S. Stock Markets; pp. 1-20
(Mark Jickling, Specialist in Public Finance, Government and Finance Division)

Chapter 2 - Sarbanes-Oxley Act, Consideration of Key Principles Needed in Addressing Implementation for Smaller Public Companies; pp. 21-84
(GAO)

Chapter 3 - The Sarbanes-Oxley Act of 2002: A Side-by-Side Comparison of House, Senate, and Conference Versions; pp. 85-95
(Mark Jickling, Specialist in Public Finance, Government and Finance Division)

Chapter 4 - Division of Corporation Finance: Sarbanes-Oxley Act of 2002-Frequently Asked Questions; pp. 97-104
(GAO)

Chapter 5 - Increased Penalties Under the Sarbanes-Oxley Act of 2002; pp. 105-132
(Diana E. Murphy, Ruben Castillo, William K. Sessions)

Chapter 6 - Securities Law: Sarbanes-Oxley Act of 2002 and Seled 108th Congress Bills Concerning Corporate Accountability; pp. 133-148
(Michael V. Seitzinger, Elizabeth Bazan)
Text of H.R. 3763

Index pp.149-156