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Abstract
This article will present us the history and context of “Sarbanes-Oxley Act”, also including the events contributing to the adoption of Sarbanes-Oxley firstly. Then it will let us go to analysis the benefit and contribution of this act. Meanwhile the weakness of this act should not be ignored as well. Obviously the key points are the implication of “Sarbanes Oxley” act on strategic network management and how to be compliance with this act.


What is the Sarbox Act or Sarbanes-Oxley Act ?
• Sarbanes-Oxley is a US law passed in 2002 to strengthen Corporate governance and restore investor confidence. Act was sponsored by US Senator Paul Sarbanes and US Representative Michael Oxley.
• Sarbanes-Oxley law passed in response to a number of major corporate and accounting scandals involving prominent companies in the United States. These scandals resulted in a loss of public trust in accounting and reporting practices.
• Legislation is wide ranging and establishes new or enhanced standards for all US public company Boards, Management, and public accounting firms.
• Sarbanes-Oxley law contains 11 titles, or sections, ranging from additional Corporate Board responsibilities to criminal penalties. Requires Security and Exchange Commission (SEC) to implement rulings on requirements to comply with the new law.
What does Sarbanes Oxley Address?
• Establishes new standards for Corporate Boards and Audit Committees
• Establishes new accountability standards and criminal penalties for Corporate Management
• Establishes new independence standards for External Auditors
• Establishes a Public Company Accounting Oversight Board (PCAOB) under the Security and Exchange Commission (SEC) to oversee public accounting firms and issue accounting standards