what is the sarbanes-oxley compliance program?
- 1 decade agoFavorite Answer
Sarbanes-Oxley, commonly referred to as SOX, is an auditing law that was developed as result of the Enron and WorldCom fiasco. The law was developed by Congressman Sarbanes and Oxley.
In short, the law requires that large public companies perform quarterly audits of their internal controls (self audits). Also, the CEO and CFO are required to sign-off on their companies financial statements that they are true and accurate.Source(s): I work at large publicly traded company and have done a lot of work with SOX.
- cmira4Lv 41 decade ago
It is a program to reduce workmen's compensation claims, to reduce insurance risk due to injury, etc.
type Sarbanes-Oxley compliance program on your browser, and enter, you will find a bunch of references about this.