[Answer] What are the basic provisions of the Sarbanes -Oxley Act? GIT

Answer: • Rule 404 requires each company to adopt effective financial controls.• CEOs and CFOs must personally certify their company's financial statements. These officers are subject to criminal penalties for violations.• All members of a board's audit committee must be independent.• A company cannot make personal loans to its directors or officers.• If a company has to restate its earnings its CEO and CFO must reimburse the company for any bonus or profits they have received from selling company stock within a year of the release of the flawed financials.• Each company must disclose if it has an ethics code and if it does not why not.• It is a felony to interfere with a federal investigation into fraud.• Whistle-blowing employees are protected.• A new Public Accounting Oversight Board has been established to oversee the auditing of public companies. F2: Timing Issues

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What are the basic provisions of the Sarbanes -Oxley Act? GIT Mon Jun 15 2020 · The provisions must be core to any relief bill to ensure taxpayer dollars do not serve the interests of the wealthy or well-connected to the exclusion of the American people. "The CORE Act would empower independent oversight protect whistleblowers and stop government-sanctioned corruption and profiteering to ensure the health and safety of Americans come first " said Senator Warren ... Fri May 01 2020 · Other provisions in the CARES Act including support for small businesses also lack critical oversight and conflicts of interest protections and are alarmingly vulnerable to exploitation for personal financial and political gain. The CARES Act imposes some oversight of these programs but President Trump began undermining these provisions the moment the bill became law. Wed Oct 23 2019 · Co-authored by Congressman Sarbanes the SHIELD Act (H.R. 4617) would close loopholes that allow foreign spending in federal elections boost disclosure and transparency requirements on political ad spending and create a duty to report illicit offers of campaign assis...

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