Securities and Exchange Commission Historical Society
Exhibits
July 30, 2012 The Sarbanes-Oxley Act: The First Decade: Michael Oxley, Mark Beasley and Paul Sarbanes

Jenner & Block LLP logo: simple, black text
This exhibit was made possible by the generous support of Jenner & Block LLP.

15TH ANNIVERSARY OF THE SARBANES-OXLEY ACT

July 30, 2017 marked the 15th anniversary of the enactment of the Sarbanes-Oxley Act (SOX), legislation responding to high-profile financial scandals in several major public companies. Congressional interest began in late 2001 with investigative hearings into Enron Corporation's accounting practices. The working relationship between the external accounting firm and company management had become collusive, and massive fraud was revealed.

In the spring of 2002, on the heels of the Enron debacle, additional financial frauds were uncovered in public companies, including Worldcom and Adelphia, further rocking the U.S. capital markets and profoundly undermining public confidence in the system of investor protection. This spurred definitive legislative action. With near unanimous, bi-partisan approval in the House and Senate, SOX was signed into law on July 30, 2002.

Among other changes, SOX resulted in new corporate governance requirements for companies and boards, new independence rules for external auditors, and a new regulator - the Public Company Accounting Oversight Board -- for accounting firms conducting audits of public companies.


Video Perspectives

collage showing faces of the interviewees of the following videos
CAQ Logo

The videos are provided courtesy of the Center for Audit Quality (CAQ).


SOX and the Future
SOX Investor Confidence
SOX Classroom Teaching
SOX Audit Quality
SOX Financial Reporting

A text alternative of the videos is available in a single PDF file. Download transcripts of the videos.


Highlights from the Museum and Archive

Papers

January 25, 2001
image pdf (Courtesy of the U.S. Department of Justice, Enron Exhibits)
Summer 2001
image pdf (Courtesy of the U.S. Department of Justice, Enron Exhibits)
August 14, 2001
image pdf (Courtesy of the U.S. Department of Justice, Enron Exhibits)
October 3, 2001
image pdf (Courtesy of the U.S. Department of Justice, Enron Exhibits)
October 22, 2001
image pdf (Courtesy of the U.S. Department of Justice, Enron Exhibits)
October 23, 2001
image pdf (Courtesy of the U.S. Department of Justice, Enron Exhibits)
November 14, 2001
image pdf (Courtesy of the U.S. Department of Justice, Enron Exhibits)
February 1, 2002
image pdf (Courtesy of the National Archives and Records Administration)
February 1, 2002
image pdf (Courtesy of the National Archives and Records Administration)
March 21, 2002
image pdf (Courtesy of Kathryn McGrath)
July 5, 2002
image pdf (Courtesy of the National Archives and Records Administration)
July 30, 2002
document pdf (Government Records)
August 30, 2002
image pdf (Courtesy of National Archives)
June 5, 2003
image pdf (Courtesy of National Archives)
Winter 2003
document pdf (Courtesy of Theodore Levine)
June 2, 2004
document pdf (prepared for the museum by Harvey L. Pitt)

Photos

November 2001
Fall 2002

Paul Atkins, Cynthia Glassman, Harvey L. Pitt, Harvey Goldschmid and Roel Campos

June 9, 2005
June 6, 2006
July 30, 2012

The Sarbanes-Oxley Act: The First Decade

October 16, 2012

Deloitte Fireside Chat VII: The Profession Looks at Sarbanes-Oxley

November 15, 2012

Oral Histories

21 May 2015

David Becker

31 May 2013

Alan Beller

13 April 2015

Roel Campos

21 November 2005

Cynthia Glassman

17 June 2013

Harvey Goldschmid

10 December 2010

Donald Nicolaisen

(Made possible through the support of ASECA - Association of SEC Alumni, Inc.)

09 March 2012

Michael Oxley

11 May 2007

Harvey Pitt - Part I

12 May 2008

Harvey Pitt - Part II

06 May 2015

Giovanni Prezioso

10 September 2013

Linda Chatman Thomsen

Programs

15 November 2012

A Measured Response?

Moderator: Robert K.D. Colby

Presenter(s): Daniel Goelzer, Peggy Peterson, Dean Shahinian, Linda Chatman Thomsen

16 October 2012

Deloitte Fireside Chat VII: The Profession Looks at Sarbanes-Oxley

Moderator: Mark Peecher

Presenter(s): Alan Beller, Joseph Ucuzoglu

30 July 2012

The Sarbanes-Oxley Act: The First Decade

Moderator: Mark Beasley

Presenter(s): Michael Oxley, Paul Sarbanes

Made possible through the support of the Center for Audit Quality

16 October 2007

Fireside Chat - Sarbanes-Oxley Section 404

Moderator: Theresa Gabaldon

Presenter(s): Kurt Schacht, Herbert Wander

06 June 2006

Who's Counting? - The Critical Role of Financial Reporting in the Capital Markets (Seventh Annual Meeting)

Moderator: Robert Kueppers

Presenter(s): Pat McConnell, Donald Nicolaisen, Aulana Peters, Lawrence Salva, Scott Taub

Permission for Use

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Users are prohibited from sharing or downloading any material for publication or commercial purposes without written permission from the Executive Director. Requests for permission must be submitted by email and specify the material requested and for what purpose.

Material used with the Society's permission should be credited to: www.sechistorical.org.