Impacts  of Sarbanes-Oxley

The Sarbanes-Oxley Act of 2002 impacts public companies in many ways. Below is a breakdown of the Act's sections and how they affect the Boardroom, the Executive Suites, Accounting, IT, and other groups. Section Title Accounting Attorneys Auditing Boards & Executives Compliance Costs Data or Application Architecture Data Governance or Stewardship Knowledge Management Reporting & Disclosure SEC & PCAOB Record Retention Security Whistle-blowing Section 3 Commission Rules and Enforcement                           Section 101 Establishment; Board Membership                           Section 101 Establishment; Duties Of The Board                           Section 103 Auditing, Quality Control, And Independence Standards And Rules                           Section 102(a) Mandatory Registration                           Section 102(f) Registration And Annual Fees                           Section 109(d) Funding; Annual Accounting Support Fee For The Board                           Section 104 Inspections of Registered Public Accounting Firms                           Section 105(b)(5) Investigation And Disciplinary Proceedings; Investigations; Use Of Documents                           Section 105(c)(2) Investigations And Disciplinary Proceedings; Disciplinary Procedures; Public Hearings                           Section 105(c)(4) Investigations And Disciplinary Proceedings; Sanctions                           Section 105(d) Investigations And Disciplinary Proceedings; Reporting of Sanctions                           Section 106 Foreign Public Accounting Firms                           Section 107(a) Commission Oversight Of The Board; General Oversight Responsibility                           Section 107(b) Rules Of The Board                           Section 107(d) Censure Of The Board And Other Sanctions                           Section 107(c) Commission Review Of Disciplinary Action Taken By The Board                           Section 108 Accounting Standards                           Section Title Accounting Attorneys Auditing Boards & Executives Compliance Costs Data or Application Architecture Data Governance or Stewardship Knowledge Management Reporting & Disclosure SEC & PCAOB Record Retention Security Whistle-blowing Section 201 Services Outside The Scope Of Practice Of Auditors; Prohibited Activities                           Section 203 Audit Partner Rotation                           Section 204 Auditor Reports to Audit Committees                           Section 206 Conflicts of Interest                           Section 207 Study of Mandatory Rotation of Registered Public Accountants                           Section 209 Consideration by Appropriate State Regulatory Authorities                           Section Title Accounting Attorneys Auditing Boards & Executives Compliance Costs Data or Application Architecture Data Governance or Stewardship Knowledge Management Reporting & Disclosure SEC & PCAOB Record Retention Security Whistle-blowing Section 301 Public Company Audit Committees                           Section 302 Corporate Responsibility For Financial Reports                           Section 303 Improper Influence on Conduct of Audits                           Section 304 Forfeiture Of Certain Bonuses And Profits                           Section 305 Officer And Director Bars And Penalties; Equitable Relief                           Section 305 Officer And Director Bars And Penalties                           Section 306 Insider Trades During Pension Fund Black-Out Periods Prohibited                           Section Title Accounting Attorneys Auditing Boards & Executives Compliance Costs Data or Application Architecture Data Governance or Stewardship Knowledge Management Reporting & Disclosure SEC & PCAOB Record Retention Security Whistle-blowing Section 401(a) Disclosures In Periodic Reports; Disclosures Required                           Section 401 (c) Study and Report on Special Purpose Entities                           Section 402(a) Prohibition on Personal Loans to Executives                           Section 403 Disclosures Of Transactions Involving Management And Principal Stockholders                           Section 404 Management Assessment Of Internal Controls                           Section 407 Disclosure of Audit Committee Financial Expert                           Section 409 Real Time Disclosure                           Section Title Accounting Attorneys Auditing Boards & Executives Compliance Costs Data or Application Architecture Data Governance or Stewardship Knowledge Management Reporting & Disclosure SEC & PCAOB Record Retention Security Whistle-blowing Section 501 Treatment of Securities Analysts by Registered securities Associations                           Section 601 SEC Resources and Authority                           Section 602(a) Appearance and Practice Before the Commission                           Section 602(c) Study and Report                           Section 602(d) Rules of Professional Responsibility for Attorneys                           Section Title Accounting Attorneys Auditing Boards & Executives Compliance Costs Data or Application Architecture Data Governance or Stewardship Knowledge Management Reporting & Disclosure SEC & PCAOB Record Retention Security Whistle-blowing Section 701 GAO Study and Report Regarding Consolidation of Public Accounting Firms                           Title VIII Corporate and Criminal Fraud Accountability Act of 2002                           Title IX White Collar Crime Penalty Enhancements                           Section 1001 Sense of Congress Regarding Corporate Tax Returns                           Section 1102 Tampering With a Record or Otherwise Impeding an Official Proceeding                           Section 1103 Temporary Freeze Authority                           Section 1105 SEC Authority to Prohibit Persons from Serving as Officers or Directors                           Section Title Accounting Attorneys Auditing Boards & Executives Compliance Costs Data or Application Architecture Data Governance or Stewardship Knowledge Management Reporting & Disclosure SEC & PCAOB Record Retention Security Whistle-blowing