Sarbanes-Oxley Act

n.A federal law passed in 2002 (Public Law 107-204) intended to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes.


The act was passed in reaction to accounting scandals involving Enron and Arthur Andersen. The act includes a number of requirements for reporting and internal controls, with significant implications for records management to ensure compliance.