Sarbanes-Oxley Act was introduced in 2002 to ensure investors’ confidence in financial statements and to prevent / reduce number of financial scams. The Act has significant impact on way different companies report and disclose their financial information. It also includes all the banks and financial institutions as well. Some of the disclosure requirements are as […]Continue Reading... No Comments.
SOX act or Sarbanes-Oxley Act was introduced in 2002 to encounter certain Corporate Scandals and improve the financial reporting standards of the companies. The name came from its inventors Paul Sarbanes and Michael Oxley. The SOX Act comprises of 11 sections or titles introduced by Security and Exchange Commission which describes the Corporate Responsibilities and […]Continue Reading... No Comments.