The impact of Sarbanes-Oxley on IT and corporate governance

The intent of the Sarbanes-Oxley Act of 2002 is to protect investors by improving the accuracy and reliability of corporate disclosures

The intent of the Sarbanes-Oxley Act of 2002 is to protect investors by improving the accuracy and reliability of corporate disclosures. The Sarbanes-Oxley Act created new standards for corporate accountability, as well as new penalties for acts of wrongdoing. It changes how corporate boards and executives must interact with each other and with corporate auditors. Holding the CEO and CFO accountable for the accuracy of financial statements eliminates the possibility of an individual defending his action with, 'I wasn't aware of financial issues.'

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