Resources for Sarbanes-Oxley (SOX)
Before and after Sarbanes-Oxley - learning to live with change
www.accountingweb.com Less than two months after a jury found Arthur Andersen guilty of "corrupt persuasion" of others to withhold documents in the Enron investigation, Congress passed the Sarbanes-Oxley Act of 2002 (SOX), legislation designed to address the shock and anger in the country over the bankruptcies of WorldCom and Global Crossing, also clients of Arthur Andersen, and other business and accounting scandals.
The goals of SOX were to enhance the transparency of financial information, reaffirm auditor independence, and define corporate governance – the responsibilities of corporate boards and audit committees. Accountants gained prominence and respect as guardians of investors and thousands of young people were drawn to the profession to fill the many new jobs that were created as a result of the law.
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