Hi everyone...
I urgently, urgently require information of SOX - particularly on the IT controls.
If you have any stuff, please PM me or upload it via my
website.
Really appreciate any help & Thx alot.
WHAT IS THE SOX ACT?
For those of you who dont know what it's about, read on.
It's being hailed as the next thing to get in line with after the Y2k craze. Companies world over (who are listed on the NYSE or transact in USA) are rushing to get SOX compliant.
Quote:
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(who are listed on the NYSE or transact in USA)
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^^^ Not a 100% sure on this... i'm still learning.
The Sarbanes-Oxley Act (officially titled the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called Sox), was signed into law in 2002 by Bush. It is considered to be one of the most significant changes to federal securities laws in the United States.
It came in the wake of a series of corporate financial scandals, including those affecting
Enron, Arthur Andersen, and WorldCom.
The act was designed to review dated legislative audit requirements. The goal of the act was to protect investors by improving the accuracy and reliability of corporate disclosures. The act covers issues such as establishing a public company accounting oversight board, auditor independence, corporate responsibility and enhanced financial disclosure.
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