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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

What is the purpose of the Sarbanes-Oxley Act?

To determine

Discuss about the purpose of the Sarbanes-Oxley Act.

Explanation

Sarbanes Oxley Act (SOX): SOX act is passed by the government to address the corporate scandals. This act regulates and assesses the internal control system of public traded companies in order to protect the rights of an investor from fraudulent practices done by the companies.

The purpose of Sarbanes-Oxley Act is given below:

  • Sarbanes...

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