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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