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What is the full form of SOX and what does it means in Accounting ?5
Q: What is the full form of SOX and what does it means in Accounting ?
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Explanation :
Sarbanes Oxley Act. Otherwise known as Public companies Accounting reforms and investor protection Act. It was enacted in 2002 in USA after lot of scams come up on accounting framework whereby investors lose faith and confidence on accounting disclosures.