The clock's ticking for companies to get up to speed on compliance with the new financial accounting rules. Here's all you need to know about the law.
The Sarbanes-Oxley Act--what on earth is that?
It's the name of a piece of U.S. compliance legislation, with global implications, which was signed off in 2002. A key section, Section 404, went live on Nov. 15. It's designed to prevent financial malpractice and accounting scandals such as the Enron debacle. It's becoming known as SOX or SarbOx or SOA.
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