Statement on the Passing of the Honorable Michael G. Oxley

PCAOB Chairman James R. Doty: The Honorable Michael G. Oxley, who passed away January 1, helped restore investor confidence in the markets at a critical time in this country. He co-sponsored the Sarbanes-Oxley Act of 2002, a bill that protects investors and the general public and established the Public Company Accounting Oversight Board. 

Congressman Oxley led the House of Representatives in examining and responding to the loss of investor confidence in the capital markets following the financial accounting and auditing scandals of 2001-2002. 

Mike Oxley will be missed. The PCAOB offers its condolences and sympathies to the Oxley family.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws.