How does Sarbanes-Oxley affect the accounting profession?

The Sarbanes Oxley Act, or what is more popularly called SOX, was enacted by President George Bush in July, 2002. This law was passed in response to the discovery of monumental scandals of many leading American organizations, whose managements exploited the loopholes in accounting practices to carry out huge financial frauds. While the SOX Act […]

SOX compliance training

SOX compliance training is a new requirement that publicly held companies and other CPA’s have to comply with. The SOX Act (Sarbanes Oxley Act) was a landmark legislation passed by the Congress in 2002. The primary purpose of this Act was to bring about greater accountability among businesses, especially publicly held companies and their auditors. […]