Why was Sarbanes Oxley Created?
The Sarbanes-Oxley Act (or SOX) was created so that corporations were accountable for all aspects of their functions. Through a series of internal controls and audits, a corporation has no excuse for oversights or mismanagement. This also removed deniability on the part of a corporation, so the excuses of “we were not aware” or “this was never brought to our attention” are no longer valid. Look here for more information: http://www.sox-online.com/basics.html…
