Sarbanes Oxley is a US law passed in 2002 to strengthen Corporate Governance and restore investor confidence. The Sarbanes Oxley Act was sponsored by US Senator Paul Sarbanes and US Representative Michael Oxley. The Sarbanes-Oxley was law passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States, including those affecting Enron, Arthur Andersen, and WorldCom.. These scandals resulted in a loss of public trust in accounting and reporting practices. Sarbanes Oxley legislation is wide ranging and establishes new or enhanced standards for all US public company boards, management, and public accounting firms.

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