New legislation helps to protect investors.

Extract


New legislation helps to protect investors.

On July 30, 2002 President Bush signed into law The Sarbanes-Oxley Act of 2002. The Act effects sweeping changes in response to the recent well-publicized corporate scandals and stock market declines. Although various provisions of the Act will become effective at different times through the regulatory process, significant provisions of the Act are immediately effective.

In addition, the Act has created a new regulatory watchdog for the accounting profession and stren...

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