Results for tag: "Sarbanes Oxley"

The Sarbanes-Oxley Act of 2002 (SOX) is a United States federal law that set new or enhanced standards for all U.S. public company boards, management, and public accounting firms. The act was enacted in response to a number of major corporate and accounting scandals, including those affecting Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom. SOX requires companies to maintain accurate financial records and to establish internal controls to ensure the accuracy of those records. It also requires companies to disclose any material changes in their financial condition. The Sarbanes-Oxley market is composed of companies that provide services related to the implementation of SOX. These services include consulting, auditing, and software solutions. Companies in this market must be knowledgeable about the requirements of SOX and be able to provide guidance to their clients on how to comply with the law. Some companies in the Sarbanes-Oxley market include Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, and Protiviti. Show Less Read more