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what is the Sarbanes-Oxley Act? Specifically, what does it address in financial reporting and auditing that...

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what is the Sarbanes-Oxley Act? Specifically, what does itaddress in financial reporting and auditing that was lacking prior?Secondly, while it may seems obvious - why is it important tounderstand foreign regulations? What are some of the concerns thatbusiness managers face?

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The SarbanesOxley Act was passed in 2002 in the response of many financial scandals in early 2000s in many companies like Enron WorldCom and Tyco Those scandals had disappointed the investors and reduced their confidence so this act was    See Answer
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what is the Sarbanes-Oxley Act? Specifically, what does itaddress in financial reporting and auditing that was lacking prior?Secondly, while it may seems obvious - why is it important tounderstand foreign regulations? What are some of the concerns thatbusiness managers face?

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