What is SOX?

The Sarbanes-Oxley Act of 2002 (“SOX”) is a sweeping American law adopted in 2002 after the accounting scandals of Enron and WorldCom. Its aim is to make the reporting of companies more transparent and reliable mainly by setting up new accounting, auditing and controlling rules in order to enforce corporate governance. The final goal is to restore the confidence of investors in the financial reporting of US companies.