what was the sarbanes-oxley act?

Answer 1

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SOX is the public company accounting reform and investor protection act. It was passed in response to high-profile business failures, such as Enron and WorldCom, in order to reinforce investment confidence and protect investors by improving the accuracy and reliability of corporate disclosure.

You can read all about the SOx at the link below.

Source(s): http://thecaq.aicpa.org/Resources/Sarbanes+Oxley/

Answer 2

Sarbanes Oxley act is about LEGAL REQUIREMENTS OF ACCOUNTING over business entities.