What does the Sarbanes Oxley act do?
Hey everyone, Can someonegive me a basic but detailed definition of the
Sarbanes Oxly Act please? Thank you.
- SoccerreftooLv 710 years agoFavorite Answer
The act passed in 2002 was a response to the fraud act perpetrated by many public companies. The bill, know as SOX, added criminal penalties, additional oversight, additional accounting practices, and additional board responsibilities to avoid any future recurrences.
A better and moire detailed explanation is available on your search engine. Just type in the subject name....