According to SOX, the management of a US public company will personally be liable for the correctness of the financial reports and the effectiveness of its internal control. Each annual report on Form 10-K must contain a statement of the management’s responsibility to establish and maintain adequate internal controls and procedures for its financial reporting and a report evaluating the effectiveness of these controls and procedures.
What are the implications of SOX for a companies management?
Published on 2018-05-14