US Legislation

Anti-Trust Laws
Anti-trust laws are legislation enacted to ensure fair competition, prevent monopolies, and restrict practices that restrain trade and commerce.
Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) was enacted as a comprehensive regulatory response aimed at addressing the crises in the savings and loans industry, implementing reforms, and improving enforcement mechanisms within financial institutions.
Foreign Corrupt Practices Act (FCPA)
The Foreign Corrupt Practices Act (FCPA) is a United States legislation enacted in 1977 designed to prevent bribery and corruption by U.S. companies in their overseas operations. A 1998 amendment extended its scope to include actions by foreign citizens and companies while on U.S. territory.
Sarbanes-Oxley Act of 2002 (SOX)
The Sarbanes-Oxley Act of 2002, often referred to as Sarbox or SOX, is a landmark piece of U.S. legislation designed to enhance corporate governance, financial transparency, and auditing standards in response to a series of high-profile corporate scandals, including the infamous Enron scandal.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.