Sarbanes Oxley 404
A recent Act establishes a new, independent board for the accounting industry and creates higher standards for corporate governance and audit committees. The Act ushers in transparency in corporate transactions. The Act has provisions to bring about financial reforms in the corporate sector. It seeks to streamline the role of auditors and analysts involved in the process and align the same with audit committee rules. The paper examines the Act in context of the aforesaid issues. The role of IT in the same is also discussed.