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Hi Max. SOX is definitely a fun an interesting topic! I rememberwhen this “new”...

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Accounting

Hi Max. SOX is definitely a fun an interesting topic! I rememberwhen this “new” regulation turned the accounting world upside down.It’s hard to believe that was 16 years ago! Class, for those of youwho currently work with SOX, which sections specifically have thegreatest impact on your organization? Why? Brandy

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SolutionAbout SOXAfter a prolonged period ofcorporate scandals in the United States from 2000 to 2002 theSarbanesOxley Act SOX was enacted in July 2002 to restoreinvestors confidence in the financial markets and close loopholesthat allowed public companies to defraud investors The act had aprofound effect on corporate governance in the US TheSarbanesOxley Act requires public companies to strengthen auditcommittees perform internal controls tests make directors    See Answer
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In: AccountingHi Max. SOX is definitely a fun an interesting topic! I rememberwhen this “new” regulation...Hi Max. SOX is definitely a fun an interesting topic! I rememberwhen this “new” regulation turned the accounting world upside down.It’s hard to believe that was 16 years ago! Class, for those of youwho currently work with SOX, which sections specifically have thegreatest impact on your organization? Why? Brandy

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