Download now Free registration required
On July 30, 2002, The Sarbanes-Oxley Act, commonly known throughout the world as SOX, and was passed into law with President Bush's signature after an overwhelming majority of Congress voted in favor of the Act. Sarbanes-Oxley shocked both the U.S. and international accounting communities upon its passage. The primary goal of this law is to protect U.S. investors from future accounting scandals. In the wake of the accounting scandals that rocked U.S. capital markets in the early part of the century, it is "No surprise the issue of corporate governance in the beginning of 2002 became top of the U.S. political agenda."
- Format: PDF
- Size: 702.4 KB