SOX

Sarbanes-Oxley Act

SOX is a U.S. law that strengthened corporate financial reporting and internal controls. It was enacted after major accounting scandals to improve investor protection.

SOX requires management certification of financial statements and independent audits of internal controls. It applies to public companies and their auditors.

Related Terms

GAAP

Generally Accepted Accounting Principles

GAAP is a set of accounting standards and rules used for financial reporting in the United States. I...

IFRS

International Financial Reporting Standards

IFRS is a set of global accounting standards used by many countries outside the United States. It ai...

CPA

Certified Public Accountant

A CPA is a professional designation for accountants who have passed the Uniform CPA Examination and ...

SEC

Securities and Exchange Commission

SEC is the U.S. federal agency responsible for enforcing securities laws, regulating securities mark...

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