Sarbanes Oxley Compliance Efforts



Sarbanes Oxley Compliance Efforts

Introduction

Sarbanes Oxley Act is considered as most far attaining legislation upsetting the public corporations and their independent auditors since the 1930s. Sarbanes Oxley was intended as both an economical as well ethical preservative so that corporate managers would be held accountable for their business performance. Sarbanes Oxley refers to when a manager who ciphers off on a deed will be held liable and the paper should be verified, constantly if the manager signing off was not in a straight line responsible for the mendacity. Sarbanes Oxley (SOX) was in effect conceded as a retort to profound economic malfunction that Enron scandal brought in US in 2001 when Enron ...