9/5/2023 0 Comments Sarbanes oxley convictions![]() Among its provisions, SOX created the Public Company Accounting Oversight Board (PCAOB or Board), thereby ending self-regulation in the audit profession strengthened the independence of the audit empowered independent audit committees to oversee audits and financial reporting and strengthened executive accountability around the financial reporting process. Since its enactment, SOX has provided a robust framework for deterring corporate fraud, increasing transparency and promoting complete and accurate financial reporting in the public capital markets. Congress responded with the Sarbanes-Oxley Act of 2002 – known to us today as “SOX” – which aimed to strengthen investor confidence and restore trust in the capital markets. ![]() Twenty years ago, a series of financial reporting scandals severely shook this confidence. The US proudly has the deepest and most liquid public capital markets in the world, due in part to the strength of the US regulatory framework, which inspires confidence among investors – from Main Street to Wall Street.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |