"The Sarbanes-Oxley Act of 2002 was created in response to several corporate accounting scandals (such as Enron and Adelphia). The act put rules into effect which are costing many corporations millions of dollars and countless man hours. To counteract this problem, software companies are producing software to keep track of all pertinent financial activity, thus saving corporations a lot of time and hassle."
What practices does Sarbanes-Oxley forbid
"Yes, Sarbanes Oxley is available to the general public. You can find it on the amazon website for $315 along with several other how-to books, and accessories."
The Sarbanes-Oxley Act of 2002 (often-times referred to as "SOX") is named after Senator Paul Sarbanes and Representive Michael Oxley.
Go to web site www.soxcert.org for more information on getting Sarbanes Oxley certified.
The Sarbanes-Oxley Act was enacted in 2002 in response to unethical and fraudulent behavior by the directors of the some of America's biggest corporations.
The intent of these elements of Sarbanes-Oxley is to reduce the likelihood that material fraud will go undetected.
Financial Reporting
Consequently the U.S. Congress responded by passing the Sarbanes-Oxley Act (SOX) of 2002 in an attempt to restore investor confidence.
\Sarbanes-Oxley Act
Unethical financial behavior.
The Sarbanes-Oxley Act of 2002 applies to publically held companies (generally, companies that have undergone an IPO or are traded on a public exchange), and is enforced under the oversight of the SEC. The Sarbanes-Oxley Act does not apply to privately held companies or companies that do not have to report their earnings or financial statements publically.
Sanjay Anand has written: 'Essentials of Sarbanes-Oxley' -- subject(s): Accounting, Corporate governance, Corporations, Directors of corporations, Disclosure of information, Financial statements, Law and legislation, Legal status, laws, United States 'Sarbanes Oxley' 'Essentials of Sarbanes-Oxley (Essentials Series)'