It should be noted that Sarbanes-Oxley Act serves as act for public company accounting reform and investor protection act of 2002.
What is Sarbanes-Oxley Act ?
The Sarbanes-Oxley Act of 2002 can be regarded as a federal act which was set up for sweeping auditing as well as financial regulations for public companies.
It was put in place to protect shareholder as well as the public from accounting fraudulent financial practice.
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