SOX Compliance Act

The Sarbanes-Oxley Act of 2002 was enacted in July 30,
2002. It is also known as the 'Public Company
Accounting Reform and Investor Protection Act'
and 'Corporate and Auditing Accountability and
Responsibility Act' .It is commonly known as Sarbanes-
Oxley, Sarbox or SOX. SOX is a United States federal
law, which set new or enhanced standards for all U.S.
public company boards, management and public
accounting firms. It is named after sponsors U.S.
Senator Paul Sarbanes and U.S. Representative Michael
G. Oxley.

Need for SOX compliance

It is essential for every organisations to report
their internal audit structure to Securities and
Exchange Commission(SEC). The scandal made by the
organisations is the major cause for the development
of SOX. It improves the reliability of financial

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