SOX compliance benefits your organization more than you may realize. Here are six ways that you can add value to your company through compliance.
Tag Archive: Sarbanes-Oxley
Infoc standards and regulations being sorted into Hogwarts houses seems silly, but it helps organize the way we think of them.
The Sarbanes-Oxley Act of 2002 (SOX), named after Paul Sarbanes and Michael Oxley, is a law that implements regulations on publicly traded companies. In 2002, the US Congress passed the Sarbanes-Oxley Act (SOX) after a series of public scandals by large corporations such as Enron Corporation, Tyco International PLC, and WorldCom that led to a stock market plummet only a few months before the 2002 elections. The legislation intended to quell public fears of corporate misconduct and to require greater accountability by management and Boards of Directors when reporting financial data. However, Sarbanes-Oxley turned into a larger and more complex piece of legislation than originally planned. The Major Provisions of Sarbanes-Oxley The Sarbanes-Oxley Act of 2002 presented five main provisions. First, it created…