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SOX compliance FAQ: The basics of navigating regulatory demands.

Published by Baker Tilly

The article "SOX Compliance FAQ" by Baker Tilly provides an overview of Sarbanes-Oxley (SOX) compliance, essential for companies going public. It details the major provisions of SOX, including Section 302 (CEO/CFO responsibility for financial accuracy), Section 404 (internal control assessment), Section 802 (record retention and penalties), and Section 906 (CEO/CFO certification of financial reports). The article emphasizes the importance of SOX compliance for preventing fraud and improving financial reporting reliability. It outlines the steps for implementing SOX compliance, including developing internal controls, performing risk assessments, and continuous monitoring to ensure ongoing compliance and operational improvements.

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Related Categories Financial Statements, Audit

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