Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What do we mean by SOX ?

user-image
Question added by Alee Iftikhar , Administration & Marketing Officer , Sunrise Marketing (Pvt) Ltd
Date Posted: 2015/11/14
Irfan Shareef
by Irfan Shareef , Director Product owner , PM Innovation Lead, Bank blockchain cloud cyber (SecDevOps)

once upon a time .....

accounting scandal of a US energy Enron where the companies directors and their auditors had been misappropriating funds two people pushed through new regulation To put controls into place for companies on the us stock exchange. The names of the individuals that help put these rules is abbreviated to SOx. 

 

So by SOx we mean Sarbanes and Oxley the surnames of the people that tried to increase confidence in companies and their finacial systems to check money that was flowing through a companies listedt on the stock exchange in the United States had controls and monitors that could be better trusted So this would not happen again

 

going forward many other rules regulations have been put in place to increase trust stability in the market sox is only one set of rules there are many

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.