Sarbanes–Oxley Act
The Sarbanes–Oxley Act is also referred to as SOX and came into force on 30th July 2002. This was necessitated by many accounting and corporate scandals in United States back then. The main aim of this law was to bring back the trust the Americans had in the corporate sector. This law emphasis that public traded corporation should have large number of board members that oversee the entire transactions and the auditing process in the organization. Although the bill deals specifically with the...