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SOX compliance refers to the Sarbanes-Oxley Act of 2002, enacted into federal law by the United States Congress as a reaction...
SOX compliance refers to the Sarbanes-Oxley Act of 2002, enacted into federal law by the United States Congress as a reaction to corporate accounting scandals. The most notorious of these was the bankruptcy of Enron in 2001. Many of Enron's stock holders lost their fortunes after investing heavily when the company claimed revenues topping more than $100 billion in the preceding year. These figures were obtained using rather creative, some would say unscrupulous, accounting practices. Corporate executes were able to escape relatively unscathed as a result...