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Purpose of SOX
Sarbanes-Oxley Act known as SOX is known to be an important part of security legislation and it was found with the formation of Securities and Exchange Commission in 1934. In 2002, the act was born and the main reason behind its evolution is due to the high-tech bubble and fraudulent scandal that has taken place at Enron and WorldCom.
Our Sarbanes-Oxley Act assignment help is highly reliable and make you aware of different purpose of the Act. The main objective of this Act is to enhance corporate governance and also restore faith among all investors.
It acts as a protective shield for investors so that they do not lose their asset. The investors can also restrict themselves from investing into business through wrong information.
Major areas of protection for investors
The Sarbanes-Oxley Act homework help will make you aware that the Act was created with an idea of strengthening two important areas:
The Act comes with even major sectors that may range from punishment to corporate board duties. Securities and Exchange Commission is responsible for looking after the implementation of this Act. It is an activity that can easily prevent any companies from coming up with inaccurate financial records.
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