Sarbanes-Oxley
Sarbanes Oxley sets out new standards and penalties for corporate wrong-doing and strengthens existing standards
The Act comprises 11 titles which lay out auditor and corporate responsibilities, financial disclosure regulations, and penalties for white-collar crimes.
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SOX in a Nutshell
What is the Sarbanes Oxley Act?
It is the name of a piece of U.S. Compliance legislation which has global implications. It was signed-off in 2002 with a key section 404 coming into effect on November 14th 2004. The act was designed to prevent financial malpractice and accounting scandals which started with the collapse of Enron and WorldCom.
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