Respuesta :
The Sarbanes-Oxley act (sox) mandates that businesses disclose specific financial information in order to safeguard their auditors. This assertion is untrue.
In reaction to many accounting scandals in the early 2000s, the Sarbanes-Oxley Act (SOX), a federal law, was passed in 2002 with backing from both political parties in Congress. Its objectives were to improve public transparency and auditing.
According to the Sarbanes Oxley Act, businesses must receive a letter from a qualified independent auditor outlining the company's internal control environment and existing processes.
The Sarbanes-Oxley Act (SOX), which was passed in 2002, set regulations to safeguard the general public against deceptive or exploitative company activities. The act created a system of internal corporate checks and balances and raised the openness of financial reporting by firms.
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