Sarbanes-Oxley vs. Bill 198 – Key Differences

• Date: May 21, 2010
• Source: Admin

The Sarbanes-Oxley Act of 2002, popularly known as SOX, was born to combat financial massacre in the public companies in U.S. This Act was a reaction to the infamous Enron and WorldCom financial scandals. Administered by the U.S. Securities and Exchange Commission (SEC), protecting shareholders and the general public from accounting errors and fraudulent practices in the enterprise had become the guiding rules of the Act.