SOX Compliance, United States Federal Law, was introduced in the USA in 2002 as a reaction to major corporate and accounting scandals. SOX sets requirements primarily for all U.S. publicly-traded companies (including wholly-owned subsidiaries) boards, management, and public accounting firms. There are some requirements for privately held companies, such as destroying evidence to hamper a federal investigation. Additionally, private companies preparing for an initial public offering (IPO) should also comply with SOX Compliance. SOX non-compliance may result in hefty fines or imprisonment. Therefore, top management has to certify the accuracy of financial information.

https://cpaclinics.com/sox-compliance/

+1-516-464-7444