/sɑrˈbeɪnz ˈɑksli ˌækt/ – Pharse
Definition: Luật quy định về báo cáo tài chính và trách nhiệm của các công ty niêm yết trên thị trường chứng khoán Mỹ.
A more thorough explanation: a 2002 US Act of Congress that established new and enhanced standards for all public company boards and management, as well as public accounting firms, ranging from corporate board responsibilities to criminal penalties to strengthening corporate accounting controls
Example: Mr. Bruno believed this practice constituted fraud and a violation of The Sarbanes Oxley Act.