The Sarbanes-Oxley

The Sarbanes-Oxley Act (SOX) is a federal law enacted in 2002 in response to major corporate scandals at Enron, Adelphia and WorldCom. The act covers issues such as auditor independence, corporate governance, internal control assessment, and financial disclosure. It also established the Public Company Accounting Oversight Board to regulate accounting firms as auditors of public companies.
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