Influences And Research Of "Sarbanes-Oxley Act"

"Sarbanes-Oxley Act" is also called "protect bill for accounting reform and investor of listed company 2002" released on July 30, 2002. From July 15, 2006, all of the listed company in U.S.A (include Chinese company) demanded to strictly observe this bill which is issued by U.S.A. The core of the bill is to require enterprises to strengthen its inside control, increase the financial transparency .The bill have put forward a lot of new strict requirements , such as the company manages , the accountant trade supervision , security market supervision ,etc. and have established the responsibility mechanism and punishment measure corresponding .Sarbanes Act has represented a new arrival of times of market supervision of capital .It has obviously changed the self-management method of accounting company in the past. Its implementation causes the strong response in the whole world. Obviously, after coming into force formally, all of the listed company in American will face the strict test, some foreign enterprises which planed to U.S.A original, have already planned to seek to other market in other countries or areas. And this bill has also exerted a great influence on the market supervision of capital of various countries. Among them, 302 clauses 404 clause meanings are particularly great. A lot of countries begin to reference from the spirit of Sarbanes Act, strengthen market supervision.The thesis describes the bill's content and characteristic, analyzing its background and meaning, discussing its influence, and we can summary the enlightenment to our country. The contents are:The thesis introduces the immediate cause of the bill: An Ran Incident. Analyses the historical and international background .The contents of the bill include full parts: text, provision and execution on SEC, relevant definitions .the text includes eleven chapters. From the 1st to the 6th involve supervision to accounting profession and enterprise's behavior, the 7th exposes the requirement which relevant departments must submit several reports in appointed date after the bill coming into force formally, for relevant executive bodies' reference, and as the reference of the future legislation. The 8th to 11th involves improvement of criminal responsibility of high tube and white collar. The thesis also explains the key clause with strongest influence power in the bill, and summary characteristic of the bill. At the same time, the thesis analyzes the bill's world influence, and main researches are influence to the U.S.A's native and impact of market of Europe and Asian.The key part of the article is the 4th, exposes the main content of this thesis-the influence of the bill to China. Tells in detail on cost influence, law influence and accounting profession influence, and also the influence to the enterprises have not been listed. We can know the thinking and enlightenment the bill gives us and how to reply.Because of the excessively strict of the bill, we got many negative effects. For further improving the bill, there are some essential modifications, which will adapt to the further development of the capital market, and lighten the pressures of enterprises. We should draw lessons from the bill's spiritual marrow, not only its contents, but also its idea, for getting the 'the Chinese Sarbanes-Oxley Act 'which has Chinese characteristic.