The law SOX

What the law ?

The law , of the respective name of the two senators Paul and Michael G. with her initiative, was adopted by the American congress in July 2002. This law, so called Public Protection off 2002 or more simply SOX or , is the answer to the multiple accounting and financial scandals: , Tyco International or . The law thus much more severely frames the production of the book and financial. The sanctions in the event of falsification of balance-sheets can reach the 20 years of imprisonment.
The promulgation of this outline law is accompanied by the creation of an agency independent of regulation, the Public , or PCAOB. Inter alia attributions, the PCAOB has in charge the monitoring of the accounting audits.
The very complete law contains many obligations of which one should not seek well far the origin. Let us quote in particular prohibition for a society of audit to combine the consultancy services and audit for the same customer, the obligation for the chairmen and finance managers to sign the accounts and financial reportings or the managing staff of the financial advantages (ready) authorized by the firm to its management.
This territorial extra law relates to all the US firms or not - dimensioned in the New York Stock .

Financial safety act

See also the Financial safety act adopted by French Parliament in 2003. In reference, the
Gilbert

Re has #FFEAF8 has business , T Be simple. , , #FFB5C3 pit-English guide S provisions year effective implementation. - .
compliance in off
efficient year to that the
Has Section 404 audit survives
SOX
uses SOX software solutions
Online libraries
www.apics-sjvc.org
www.apics-sjvc.org

---

---

Copyright: Alain FERNANDEZ ©1998-2008- All rights reserved

---