SOX Compliance, refers to The Sarbanes-Oxley Act of 2002. The Sarbanes-Oxley Act is known to assist in assuring stakeholders’ safety through stringent improvements in the sphere of corporate financial declarations. The requirements listed in the SOX Compliance process are extensive and non-compliance can lead do severe penalties. Therefore, functions such as internal audit certification, financial…
Category: SOX Section 404
Top 10 Hurdles In the Way of SOX Section 404 Compliance
The Sarbanes-Oxley Act or “Company Accounting Reform and Investor Protection Act” is a federal law passed by the US Congress in 2002 to reform the corporate financial reporting and the accounting process. This regulation was enacted after huge financial frauds occurred in the US, leading to the fall down of corporate giants like Enron, Arthur…