ABSTRACTThis document provides an in-depth evaluation of the Sarbanes-Oxley Act, which is believed to be promoted to bring about a change in the business environment, in general, by emphasizing issues of public interest, responsibility and disclosure in corporate financial operations. Explain how it is a law that represents the concern of the government and the Security and Exchange Commission in promoting ethical standards in terms of financial disclosure in the corporate environment. This paper addresses the current export criticism of US corporate governance rules under the Sarbanes-Oxley Act, focusing on the application of the audit committee requirement to foreign issuers from European countries with codetermination laws, and on the prevention of lending to executives compared to German issuers. In response to such criticism, the Securities and Exchange Commission (SEC) has already granted foreign issuers several limited exemptions from the law, as well as an exemption related to the audit committee independence requirement, motivated by the desire to re-attract foreign companies that have canceled the quotes. in the United States in response to the law. This document provides further legal and economic justifications for the exclusion of foreign companies from the audit committee and the loan ban requirements. Corporate greed and corruption have forever altered the face of American business. Corporate greed was the main reason for the collapse of Global Crossing, Enron and MCI WorldCom. The document shows that the government bodies, the Senate, the NASD, the Securities and Exchange Commission and other powers, decided to take action and in 2002 the Senate introduced the Sarbanes-Oxley Act of 2002. The document discusses the impact of this new law. ..... half of document ......ey Act of 2002)(Book review): An article from: Strategic Finance" This digital document is an article from Strategic Finance, published by the Institute of Management Accountants on May 1, 2004. Article length is 1012 words. The page length shown above is based on a typical 300 word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase view it with any Web browser. Prentice, RA (November 2004) "Guide to the Sarbanes-Oxley Act: What Your Business Needs to Know Now that It Has Been Implemented" Enron was once the seventh largest company on the Fortune 500 list , but after the biggest business scandal in a generation and one of the biggest of the last century, Enron went bankrupt and virtually disappeared following a wave of revelations about accounting regularities and securities fraud.