sarbanes oxley act 2002

sarbanes oxley act 2002

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  • The impact of the Sarbanes-Oxley act of 2002 helped investors be protected from frauds.
  • The SOX Act was created in response to accounting malpractice in the early 2000s
  • an act passed by U.S. in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations
  • when public scandals such as enron corporation, Tyco International plc, and WorldCom shook investor confidence in financial statements.
  • the people demanded an overhaul of regulatory standards from companies.
  • the SOX Act also outlines requirements for information technology.
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