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Sarbanes Oxley Compliance
There is considerable debate over the specific requirements of the Sarbanes-Oxley act and the cost of implementing the new requirements has led some to widespread questioning of how effective or necessary the specific provisions of the law truly are.
A copy of the Sarbanes-Oxley Act text itself and many useful links can be from the SEC site. Sarbanes Oxley is a United States federal law passed in response to a number of major corporate and accounting scandals which resulted in a decline of public trust in accounting and reporting practices. SOX is wide ranging and establishes newly enhanced standards for all usa public companies and contains 11 titles, or sections, ranging from additional board of director responsibilities to covering criminal penalties.
Sarbanes Oxley is in the public and media arena and is certainly intense, creating a clear motivation for compliance. Ensure your business meets Sarbanes Oxley Compliance. The Sarbanes-Oxley Act, introduced significant legislative changes to financial practice and corporate governance. It introduced stringent rules to protect investors by improving accuracy and reliability of corporate disclosures made pursuant to the securities laws.