The Analysis And The Reference Of Sarbanes-Oxley Act

Sarbanes-Oxley Act is also called "protect bill for accounting reform and investor of listed company 2002".In 2001 to 2002,United Enron,Worldcom financial scandal happened.In order to restore investor confidence and abolish the shortcomings,the U.S.strengthened the supervision of the corporate governance. Sarbanes-Oxley Act has represented a new arrival of times of market supervision of capital.Its implementation causes the strong response in the whole world.We should draw lessons from the bill's spiritual marrow,not only its contents,but also its ideas, for getting the 'the Chinese Sarbanes-Oxley Act' which has Chinese characteristic and the construction of Chinese internal control framework and supervision system.This article is divided into three parts:The first subchapter of the first part introduces The legislative background of Sarbanes-Oxley Act:Enron event.It shows its dispute before and after the issued. Then it expounds the deep reasons behind it,accounting system and the company system.It explains the legislation idea of the Sarbanes-Oxley Act.The first subchapter of the second part mainly expounds the main contents of the Sarbanes-Oxley Act;it involved the accounting supervision,audit independence, financial disclosure of information and the company responsibility.The second subchapter explains the most influential terms of 302 terms and 404.The first subchapter of the third part expounds the model for reference of Japan transplantation of the Sarbanes-Oxley Act.The second subchapter Introduces relevant Chinese laws and regulations about the internal control.Then the third subchapter explains the contents of the basic internal control.It describes the construction of Chinese internal control framework and supervision system,And proposes some executive advice.