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Sarbanes-Oxley   Act of 2002 Presenters – Abhinav Goyal PGDM e BIZ 2008-2010
Once upon a time in a great, great land, there was a company called  Enron .  It did not live happily ever after. This made the people of this great land confused. What is happening? they cried. Tell us, oh great Arthur Anderson!    I cannot, was the reply, and the people were stunned. Soon other companies began to not live happily ever after, also, and the people grew ever more confused. They began to suspect that some of the officers of the great land's public corporations were not always completely truthful.  Then the people of this land discovered that it was not actually against the law to be untruthful sometimes, and there was a great outcry. Fix this! they beseeched their elected leaders. Pass a law! And so the great leaders of this great, great land did.
What went wrong? ,[object Object],[object Object],[object Object],[object Object],How did they do it? ,[object Object],[object Object],[object Object],Who Were the Transgressors? ,[object Object],[object Object],[object Object]
The Act ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Titles of the Act ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],SOX of 2002: An Act to protect investors by improving the accuracy and reliability of corporate disclosures
SOX: Who will be affected and how? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Interesting Facts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Why implementing SOX is difficult? ,[object Object],[object Object],[object Object],[object Object],[object Object]
 

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Sarbanes Oxley Act

  • 1. Sarbanes-Oxley Act of 2002 Presenters – Abhinav Goyal PGDM e BIZ 2008-2010
  • 2. Once upon a time in a great, great land, there was a company called Enron . It did not live happily ever after. This made the people of this great land confused. What is happening? they cried. Tell us, oh great Arthur Anderson! I cannot, was the reply, and the people were stunned. Soon other companies began to not live happily ever after, also, and the people grew ever more confused. They began to suspect that some of the officers of the great land's public corporations were not always completely truthful. Then the people of this land discovered that it was not actually against the law to be untruthful sometimes, and there was a great outcry. Fix this! they beseeched their elected leaders. Pass a law! And so the great leaders of this great, great land did.
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