what is the meaning of sox?

Answer 1

The Sarbanes–Oxley Act of 2002 (Pub. L. No. 107-204, 116 Stat. 745, also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or SarbOx; July 30, 2002) is a United States federal law passed in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, and WorldCom (now MCI). These scandals resulted in a decline of public trust in accounting and reporting practices. Named after sponsors Senator Paul Sarbanes (D–Md.) and Representative Michael G. Oxley (R–Oh.), the Act was approved by the House by a vote of 423-3 and by the Senate 99-0. The legislation is wide ranging and establishes new or enhanced standards for all U.S. public company boards, management, and public accounting firms. The Act contains 11 titles, or sections, ranging from additional Corporate Board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the new law. Some believe the legislation was necessary and useful, others believe it does more economic damage than it prevents, and yet others observe how essentially modest the Act is compared to the heavy rhetoric accompanying it.

The first and most important part of the Act establishes a new quasi-public agency, the Public Company Accounting Oversight Board, which is charged with overseeing, regulating, inspecting, and disciplining accounting firms in their roles as auditors of public companies. The Act also covers issues such as auditor independence, corporate governance and enhanced financial disclosure. It is considered by some as one of the most significant changes to United States securities laws since the New Deal in the 1930s.

Answer 2

Sox Meaning

Answer 3

Public Company Accounting Reform and Investor Protection Act of 2002 is the Sarbanes-Oxley act mostly called sox.

Answer 4

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RE:
what is the meaning of sox?

Answer 5

White sox!

Answer 6

sox
Sound eXchange, abbreviated SoX, is a free digital audio editor which is licensed under the GPL and distributed by Chris Bagwell through Sourceforge. SoX is written in standard C, with a command-line interface.
http://en.wikipedia.org/wiki/SoX
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SOX is an alternative syntax for XML. It is useful for reading and creating XML content in a text editor. It is then easily transformed into proper XML
http://www.langdale.com.au/SOX/

Answer 7

its Sarbanes-Oxley Act which came into force after the well known collapse of Enron.

It imposes duties on the part of Management of the Company not to hide anything from the Stock-holders which they should know and not to mislead them...

The CPA's are required to check whether Management is complying with the Provisions of this Act or not....

Answer 8

sox means JURAB.

Answer 9

its an auditing company whose guidelines evey firm has to follow..its in the law for Investor interest protection..its called Sarbanes-Oxley...or sox..

Answer 10

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