Sarbanes-Oxley Act (SOX-2002)

Sarbanes-Oxley Act was introduced to USA financial reporting legislation in 2002 and set of regulations were prepared by Senator Paul Sarbanes and Michael Oxley. To acknowledge the great contribution of  Act makers this piece of legislation was named as Sarbanes-Oxley Act (SOX) but it is also called as Public Company Accounting Reform and Investor Protection Act of 2002 in legal dictionaries. Sarbanes-Oxley Act basically focuses on financial reporting practices and the corporate governance in business organizations and it has [...]