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The Sarbanes-Oxley Act (SOX) Requires Managers and Auditors of Companies

question 161

Essay

The Sarbanes-Oxley Act (SOX) requires managers and auditors of companies whose stock is traded on an exchange to document and certify the system of internal controls. What are the specific requirements for auditors set forth by SOX?


Definitions:

Catastrophes

Large-scale disasters or events causing great damage or suffering.

Aggression

Behavior aimed at causing harm or pain to others, which can be physical or verbal and motivated by various factors.

Intentionally Inflicting

The deliberate act of causing harm or damage to someone or something.

Bystander Effect

An occurrence within social psychology where individuals become hesitant to help someone in distress if there are other witnesses present.

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