Debasish Bose edited untitled.md  almost 8 years ago

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# Introduction  As the investors worldwide were recuperating from busted tech-bubble of 2000, a series of corporate misgovernance, fraudulent accounting practices and auditing abnormalities surfaced from corporations like Enron and WorldCom. In response of these corporate financial scandals, US Congress passed a legislation known as "The Sarbanes-Oxley Act" or "SOX" which brought in new set of regulations and responsibilities  for all boards of US public companies, their executive management members and associated  public auditing & accounting firms firms, ordering Securities and Exchange Commission (SEC) to administer the entire compliance process.