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The passage of the groundbreaking Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley or SOX) is bringing about a sea change in corporate governance in the United States. As the first deadline for filing SOX Section 404, certifications and compliance have come about for some of the largest public corporations. More is becoming known about the burdens of time, energy and expense these regulations are placing on corporations and the officials whose jobs and reputations are put on the line, vouching for the efficacy and accuracy of SOX compliance and control procedures.
After much publicized corporate accounting scandals such as Enron, Adelphia Communications, HealthSouth ...