what is the Sarbanes-Oxley act is and it's purpose?
http://thecaq.aicpa.org/Resources/Sarbanes+Oxley/
The Sarbanes-Oxley Act (SOX) is a U.S. federal law that was enacted in response to corporate scandals such as Enron and WorldCom in the early 2000s. The purpose of the Sarbanes-Oxley Act is to protect investors and the general public by improving the accuracy and reliability of corporate financial disclosures. It introduced stricter financial and accounting regulations for public companies, aimed at increasing transparency, accountability, and corporate governance.
To find more details about the Sarbanes-Oxley Act and its purpose, you can follow these steps:
1. Start by conducting a web search using a search engine like Google, Bing, or Yahoo.
2. Enter the keywords "Sarbanes-Oxley Act" or "SOX Act" in the search bar and hit enter.
3. Look for reliable sources, such as government websites, scholarly articles, or reputable news sources like Reuters or Bloomberg, among others.
4. Click on the relevant search results to access the information about the act and its purpose.
5. To gain a better understanding, you can read official documents, summaries, or news articles that explain the provisions and intended impact of the Sarbanes-Oxley Act.
6. Additionally, consider exploring reliable financial or legal websites that provide comprehensive explanations and analysis of the act.
Remember, it is essential to verify the credibility and reliability of the sources you use for information.