SOX Certification Training & Placement in Detroit

The main purpose of SOX is to protect shareholders from fraudulent representations in corporate financial statements. Stockholders need to know that the financial data they rely on is truthful, and that an independent third party has verified its accuracy.

The Sarbanes-Oxley Act formed new standards for business accountability as well as new forfeits for acts of wrongdoing.

It changes how Business Boards & Executives must co-operate with each other and with company auditors.

The Act defines new financial reporting accountabilities, including devotion to new internal controls and processes designed to ensure the authority of their financial records.

The Act needs all financial reports to include an internal control report. This is designed to show that not only are the company's economic data accurate, but the business has confidence in them because adequate controls are in place to safeguard financial data.