Sarbanes-Oxley Act
(พระราชบัญญัติซาร์บานส์-ออกซ์ลีย์)
Definition
Sarbanes-Oxley Act (พระราชบัญญัติซาร์บานส์-ออกซ์ลีย์) Hard Skill
The Sarbanes-Oxley Act is a United States federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures, enforcing stricter compliance and internal controls within public companies.
Expertise Level
Level 1
Basic
1. Understands the primary purpose and background of the Sarbanes-Oxley Act.
2. Recognizes key components such as financial disclosures and corporate responsibility.
3. Aware of the importance of compliance for public companies.
Level 2
Intermediate
1. Can explain specific sections related to internal controls and financial reporting.
2. Able to identify compliance requirements and common violations under the Act.
3. Supports implementation of policies ensuring adherence to the Act.
Level 3
Advanced
1. Leads the design and evaluation of internal control systems in compliance with SOX requirements.
2. Conducts risk assessments and audits to ensure ongoing compliance and mitigate legal risks.
3. Advises senior management on regulatory changes and strategic compliance initiatives.
