Does the Sarbanes-Oxley Act provide for government accounting standards? | Compliance Sarbanes Oxley

Does the Sarbanes-Oxley Act provide for government accounting standards?

Is there a sister act that covers government accounting?

No Sarbanes-Oxley is only for corporations with publicly traded shares.

There is no similar statute for government accounting, but there are government standards established by the accounting industry. The Government Accounting Standards Board. Their standards are analogous to GAAP for private companies. See the link below.

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  1. liberal_60 Says:
    March 13th, 2010 at 11:59 pm

    No Sarbanes-Oxley is only for corporations with publicly traded shares.

    There is no similar statute for government accounting, but there are government standards established by the accounting industry. The Government Accounting Standards Board. Their standards are analogous to GAAP for private companies. See the link below.
    References :
    http://www.gasb.org/

    http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act

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