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Sarbanes oxley act
Understanding the Impact of Sarbanes-Oxley Act (SOX) on Reporting
December 10, 2023
What is the significance of the Sarbanes-Oxley Act (SOX) in financial reporting?
The Sarbanes-Oxley Act (SOX) holds immense significance in financial reporting. It enhances corporate governance, internal controls, and transparency. SOX mandates CEO and CFO certifications of financial statements' accuracy, establishes independent audit committees, and requires rigorous internal control assessments, ensuring integrity and reliability in financial reporting.
Tags : Sarbanes-Oxley Act , Financial Reporting , Compliance