Auditing IT Infrastructures for Compliance, 3rd Edition
by Robert Johnson, Marty Weiss, Michael G. Solomon
Sarbanes-Oxley Act
The Sarbanes-Oxley Act of 2002, also known as Sarbox or SOX, is a U.S. federal law. It is the result of the Public Company Account Reform and Investor Protection Act and Corporate Accountability and Responsibility Act. SOX dramatically changed how public companies do business.
The bill stems from the fraud and accounting debacles at companies such as Enron and WorldCom. Former President Bush characterized the act “as the most far reaching reforms of American business practices since the time of Franklin Delano Roosevelt.” The act’s primary purpose was to restore public confidence in the financial reporting of publicly traded companies. As a result, the act mandated many reforms to enhance corporate responsibility, enhance ...
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