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what is sox?
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Answer / h.r. sreepada bhagi
SOX - Sarbanes–Oxley Act of 2002 (USA). Also known as the
'Public Company Accounting Reform and Investor Protection
Act' (in the Senate) and 'Corporate and Auditing
Accountability and Responsibility Act' (in the House) and
commonly called Sarbanes–Oxley, Sarbox or SOX, is a United
States federal law enacted on July 30, 2002. It is named
after sponsors U.S. Senator Paul Sarbanes (D-MD) and U.S.
Representative Michael G. Oxley (R-OH).
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Answer / chandann87
soleben-oxeley act made by us congress in 2002 to protect the
investors interest..
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / gunjan thakur
Sarbanes-Oxley is a US law passed in 2002 to strengthen
Corporate governance and restore investor confidence
Sarbanes-Oxley law passed in response to a number of major
corporate and accounting scandals involving prominent
companies in the United States. These scandals resulted in a
loss of public trust in accounting and reporting practices.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / raghavendra
In terms of Finance/Accounting terminal of real working
life, SOX is a quarterly report (prepared every 03 months).
The importance of this report reflects the closing of that
particular period/quarter we worked for. This report
consists of the quarterly Valuations (which we receive
through the Private equity firms). Basically, we prepare
this report to figure out whether is there any variance
between the values which we enter in our accounting software
(the valuations received from Private equity firms) which we
compare this report through the holdings report provided by
the SSB / SSC (State street bank / Corp.
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