deletions | additions       diff --git a/SOX_Act_tried_to_address__.md b/SOX_Act_tried_to_address__.md  index 01779bb..9cb26f0 100644  --- a/SOX_Act_tried_to_address__.md  +++ b/SOX_Act_tried_to_address__.md 
...
1. **Inadequate oversight of accountants**: To minimize accounting irregularities, a Public Company Accounting Oversight Board (PCAOB) has been established and charged to keep vigilance over public accounting firms providing auditing services to various public corporations. Strict guidelines has been provided for registering auditors, improving accounting standards (GAAP and especially non-GAAP), defining various compliance processes, policing and inspection for conduct and quality control.  2. lack **lack  of auditor independence: independence**:  Prior to SOX enforcement, various auditors of public corporations became engaged in providing "other" or "non-auditing" consulting services to their client creating classic contexts of "conflict of interest". In order to maintain these lucrative consulting opportunities, auditors who othrwise should have behaved like corporate financial watchdogs, failed to challenge several accounting anomalies, often in collusion with management exectutives. SOX enforced auditor independence as one of its core directive to prevent future occurance of such incidents. 3.