SOX Training Courses

The Sarbanes-Oxley Act of 2002 (SOX) is regulation passed by the U.S. Assembly to protect stockholders and the general public from accounting faults and fraudulent practices in the business, as well as to improve the perfection of corporate declaration. The U.S. Securities and Exchange Commission (SEC) manages the act, which sets limits for compliance and distributes rules on requirements.

The Sarbanes-Oxley Act of 2002 is a legislative answer to a number of corporate scandals that sent shockwaves through the financial markets of the World.

The rules and implementation policies outlined by the SOX Act modify or supplement existing legislature dealing with security guidelines.

The two key requirements of the Sarbanes-Oxley Act are:

Section 302: A directive that requires senior management to verify the accuracy of the informed financial statement.

Section 404: A requirement of the organization and auditors create internal controls and detailed methods on the adequacy of those controls. Section 404 has a costly suggestion for publicly traded companies as it is exclusive to establish and sustain the required internal controls.