What is Sarbanes Oxley                                                                Sarbanes Oxley Training
Sarbanes Oxley Act                                                                        Sarbanes Oxley Association
Sarbanes Oxley and the Board of Directors                                 Sarbanes Oxley Certification
Sarbanes Oxley 404                                                                       Sarbanes Oxley Jobs
Sarbanes Oxley Software                                                               European Sarbanes Oxley 
Sarbanes Oxley Books                                                                   Japanese Sarbanes Oxley
Sarbanes Oxley Forum                                                                    Compliance Training Portal  
Basel ii Portal                                                                                     Contact Us
Welcome to the Sarbanes Oxley Compliance Portal
What is Sarbanes Oxley?

It is a United States federal law enacted on July 30, 2002 in response to a
number of scandals that include Eron and WorldCom.

It was named after Senator Paul Sarbanes (D-MD) and Representative Michael G. Oxley (R-OH). The Act was approved by the House by a vote of 423-3 and by the Senate 99-0.

George Bush called Sarbanes Oxley Act rules the “most far-reaching reforms of American business practices since Franklin Roosevelt was president”.  
Objective of the Sarbanes Oxley Act:
To restore public confidence in American business, which had been badly shaken by  huge corporate scandals, such as those which led to the bankruptcies of Enron and WorldCom.

The Sarbanes Oxley Act created a new regulator: the Public Company Accounting Oversight Board.

Criticism of the Sarbanes Oxley Act

Unnecessary and costly government intrusion into corporate management that places U.S. corporations at a competitive disadvantage with foreign firms driving businesses out of the United States...
... Incentive for small US firms and foreign firms to deregister from US stock exchanges...
"The flawed implementation of the 2002 Sarbanes-Oxley Act (SOX), which produced far heavier costs than expected"
New York City Mayor Michael R. Bloomberg and US Senator Charles E. Schumer

Receive the New Member Orientation Newsletters
You will have the opportunity lo learn what members registered before you have already learned. Understand better the Sarbanes Oxley environment, projects, careers, challenges and opportunities.


A point of view
"Dear Fellow Americans,
The 20th Century was the American century in no small part because of our economic dominance in the financial services industry, which has always been centered in New York.

Today, Wall Street is booming, and our nation’s short-term economic outlook is strong.
But to maintain our success over the long run, we must address a real and growing concern: in today’s ultra-competitive global marketplace, more and more nations are challenging our position as the world’s financial capital.

Traditionally, London was our chief competitor in the financial services industry.
But as technology has virtually eliminated barriers to the flow of capital, it now freely flows to the most efficient markets, in all corners of the globe.

Today, in addition to London, we’re increasingly competing with cities like Dubai, Hong Kong, and Tokyo.

The good news is that we’re still in the lead. Our financial markets generate more revenue than any other nation, and we continue to be home to the world’s leading companies, which help form the backbone of our national economy.
In fact, for every 100 Americans, five work in financial services – and these jobs are not just in New York and Chicago.
In states as diverse as Connecticut, Delaware, South Dakota and North Carolina, the financial services industry employs major portions of the workforce.
All Americans have a vested interest in strengthening America’s financial services industry, and the time has come to rally support for this effort.
To stay ahead of our hard-charging and dynamic international competitors, and to ensure our nation’s long-term economic strength, we can no longer take our preeminence in the financial services industry for granted.
In fact, the report contains a chilling fact that if we do nothing, within ten years while we will remain a leading regional financial center; we will no longer be the financial capital of the world.
We must take a cold, hard look at the industry, identifying our weaknesses, learning from the best practices of other nations, and drawing upon strategies that will allow us to adapt to the changing realities of the market.
That is exactly why we commissioned this report.The report provides detailed analyses of market conditions here and abroad, informed by interviews with more than 50 respected leaders drawn from the financial services industry, consumer groups, and other stakeholders.
The findings are quite clear: First, our regulatory framework is a thicket of complicated rules, rather than a streamlined set of commonly understood principles, as is the case in the United Kingdom and elsewhere.
The flawed implementation of the 2002 Sarbanes-Oxley Act (SOX), which produced far heavier costs than expected, has only aggravated the situation, as has the continued requirement that foreign companies conform to U.S. accounting standards rather than the widely accepted – many would say superior – international standards.
The time has come not only to re-examine implementation of SOX, but also to undertake broader reforms, using a principles based approach to eliminate duplication and inefficiencies in our regulatory system.
And we must do both while ensuring that we maintain our strong protections for investors and consumers.
Second, the legal environments in other nations, including Great Britain, far more effectively discourage frivolous litigation.
While nobody should attempt to discourage suits with merit, the prevalence of meritless securities lawsuits and settlements in the U.S. has driven up the apparent and actual cost of business – and driven away potential investors.
In addition, the highly complex and fragmented nature of our legal system has led to a perception that penalties are arbitrary and unfair, a reputation that may be overblown, but nonetheless diminishes our attractiveness to international companies.
To address this, we must consider legal reforms that will reduce spurious and meritless litigation and eliminate the perception of arbitrary justice, without eliminating meritorious actions.
Third, and finally, a highly skilled workforce is essential for the U.S. to remain dominant in financial services.
Although New York is superior in terms of availability of talent, we are at risk of falling behind in attracting qualified American and foreign workers.
While we undertake education reforms to address the fact that fewer American students are graduating with the deep quantitative skills necessary to drive innovation in financial services, we must also address U.S. immigration restrictions, which are shutting out highly-skilled workers who are ready to work but increasingly find other markets more inviting.
The European Union’s free movement of people, for instance, is attracting more and more talented people to their financial centers, particularly London.
The United States has always been a beacon for the world’s best and brightest. But to compete with the growing EU and Asian markets—in a way that grows our economy and creates jobs across the nation—we must ensure that we make it easier for talented people to move to the U.S. to pursue education and employment.
We know that addressing these challenges, and ensuring that we do so in a way that continues to offer strong protections to consumers and investors, will not be easy. But other nations have succeeded in this effort, and so too must we.
The industry will continue to experience rapid growth in the 21st Century, which holds great promise for our nation – but only if we take seriously our competitors, who are rapidly gaining ground.
Failing to do so would be devastating both for New York City and the entire nation. In the weeks and months ahead, we will work together to implement the state and local reforms necessary to strengthen New York City’s position as the world’s financial capital.
At the same time, we will work with Congress, the Administration, regulators industry leaders, and other stakeholders to take the necessary steps to ensure that America retains its dominant position in the financial services industry in the 21st Century.
It is our hope that this report will call attention to the challenges we face in meeting this goal, and serve as a call to action for members of both political parties, and for leaders of every branch of government. Sincerely,New York City Mayor Michael R. BloombergUS Senator Charles E. Schumer "

Join the Sarbanes Oxley Compliance Professionals Association (SOXCPA). Membership is Free:

Member Benefits:

Reading Room

Certified Sarbanes Oxley Expert - Distance Learning and Online Certification Program

Certified EU Sarbanes Oxley Expert - Distance Learning and Online Certification Program

Privacy and Compliance with the Federal Trade Commission Fair, the California Online Privacy Protection Act, the Children Online Privacy Protection Act, the Privacy Alliance, the Controlling the Assault of Non-Solicited Pornography and Marketing Act

Free E-book: 100 Job Descriptions in Risk and Compliance Management


Certified Sarbanes-Oxley Expert
A. The official presentations we use in our instructor-led classes
Course Synopsis:
B. Up to 3 Online Exams
There is only one exam you need to pass, in order to become a Certified Sarbanes-Oxley Expert (CSOE).
If you fail, you must study again the official presentations, but you do not need to spend money to try again. Up to 3 exams are included in the price.
To learn more you may visit:
C. Personalized Membership Certificate printed in full color
Processing, printing, packing and posting to your office or home
To learn more: