The Sarbanes-Oxley Act of 2002

In its February 25, 2015 Yates v. United States (2015) decision the US Supreme Court
sided with Yates by reversing the previous judgement, with a plurality of the justices
reading the Act to cover "only objects one can use to record or preserve information, not
all objects in the physical world". Justice Samuel Alito concurred in the judgment and
noted that the statute's nouns and verbs only applies to file keeping and not fish.
Sarbanes-Oxley Reporting Tools
Close scrutiny of corporate governance and greater responsibility placed on directors to
vouch for the reports submitted to the SEC and other federal agencies, have resulted in
the growth of software solutions aimed at reducing the complexity, time and expense
involved in creating the reports. This trend accelerated in 2008 with the passage of the
Dodd–Frank Wall Street Reform and Consumer Protection Act. Software as a service
(SaaS) products allow corporate directors and internal auditors to assemble and
analyze financial and other relevant data—including unstructured data—and create the
needed reports quickly and without the need of an outside vendor.
Legislative Information
House: H.R. 3763, H. Rept. 107–414, H. Rept. 107–610
Senate: S. 2673, S. Rept. 107–205
Law: Pub.L. 107–204, 116 Stat. 745
Similar Laws In Other Countries
C-SOX – Canadian equivalent of Sarbanes–Oxley Act
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