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Debasish Bose edited SOX_Act_tried_to_address__.md
almost 8 years ago
Commit id: 9f105466b12451160841a054540fa432882f3832
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SOX Act tried to address disturbing trends in US Public Corporations in relation to inadequate oversight of accountants, lack of auditor independence, weak corporate governance procedures, stock analysts' conflict of interests, inadequate disclosure provisions, and grossly inadequate funding of the Securities and Exchange Commission.
1.
Inadequate **Inadequate oversight of
accountants: accountants**: To minimize accounting irregularities, a Public Company Accounting Oversight Board (PCAOB) has been established and charged to provide vigilance over public accounting firms