What role does the Sarbanes-Oxley Act of 2002 play in financial reporting? Are there possible shortcomings to relying solely on financial statement analysis to value companies?
The Sarbanes-Oxley Act of 2002 is also called the Public Company Accounting Reform and Investor Protection Act. It was a reaction to corporate scandals that became too common in the early 2000s. The SOX was established by the Public Company Accounting ...
This solution details the role of Sarbanes-Oxley Act of 2002 in financial reporting.