Tag: SOX

What Is the Sarbanes-Oxley Act (SOX)?

Remember Enron? WorldCom? Tyco? These accounting fraud cases shook investor confidence and spawned a new era: one in which there are tighter regulations that address financial oversight for corporations. In the wake of these scandals, U.S. Congress responded by enacting the Sarbanes-Oxley Act (SOX) in 2002.