When it comes to compliance regulations, the one that seems to strike the most fear into the hearts of company executives is the Sarbanes-Oxley Act of 2002.
Nicknamed Sarbox, and sometimes SOX, the stringent regulation was created to provide control over corporate governance, disclosure and financial accounting in the auditing community after the Enron and WorldCom financial scandals led to billion-dollar losses. The corruption affected financial markets and investor trust.
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