The name of a DATA step character variable whose value is a text expression or a SAS statement to be generated. Do not enclose the name of the DATA step variable in quotation marks. A character expression that is resolved by the DATA step to a macro text expression or a SAS statement.
This means, for example, that any foreign private issuer that has listed its securities in the US, or issued securities to the public in the US whether or not listed (such as in a registered exchange offer for high-yield bonds) is subject to the Sarbanes-Oxley Act.
The Sarbanes-Oxley Act of 2002 (SOX) was introduced to Congress as a result of the. deceit and fraud taking place at Enron in December of 2001. The bankruptcy of Enron in 2001, with its $62 billion in assets, was the largest in U.S. history, to that point (McLean & Elkind, 2002).