What is SOX?

Sarbanes-Oxley Act of 2002

Summary: Requires the CEOs and CFOs of public companies must now certify their organization’s financial statements and the effectiveness of the organization’s system of internal controls. Failure may mean civil suits or even jail time

Why: Enacted in response to the high-profile Enron and WorldCom financial scandals to protect shareholders and the general public from accounting errors and fraudulent practices in the enterprise

Intent:

How: SEC, PCOAB , Key Sections