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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