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Tort Liability
Legal responsibility that arises from the commission of a tort, which is a civil wrong, such as negligence, that causes harm to another.
Negligence
The failure to exercise a level of care that a reasonably prudent person would in similar circumstances, potentially causing harm or damage.
Sarbanes-Oxley Act
A U.S. federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures in financial statements and other corporate events.
Public Company Accounting Oversight Board
A nonprofit organization established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports.
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