January 21, 2008
Know about the sarbanes oxley act.
The sarbanes oxley act was initiated in the year 2002. As a result of this, it gained another name: the Public Company Accounting Reform and Investor Protection Act of 2002. But it is more popularly known as SOX. It is a federal law in the United States of America and was set up in order to mitigate financial frauds and scandals in the business market; so as to increase and further maintain the public faith in the market situation. The sarbanes oxley act was implemented mainly due to two senators of the House: Paul Sarbanes and Michael Oxley.
