Sarbanes Oxley

The Sarbanes-Oxley Act of 2002 (formally, 'Public Company Accounting Reform and Investor Protection Act' in the US Senate and 'Corporate and Auditing Accountability and Responsibility Act' in the US House of Representative) was enacted as a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. The Sarbanes-Oxley Act of 2002 (commonly called Sarbanes-Oxley or SOX) sets out rules for financial governance and reporting from public companies.

Of particular importance to ITSLM is Sarbanes-Oxley Section 404 Assessment of internal controls.