Employees who come forth with incriminating information are protected in the Sarbanes Oxley (SOX) by the company's ability to earn a profit.
The Sarbanes-Oxley Act of 2002 can be regarded as the federal law which is set up to establish sweeping auditing as well as the financial regulations for public companies.
It was created by the Lawmakers so that this legislation can help protect shareholders as well as the employees and the public from accounting errors and fraudulent financial practices.
It should be noted that The Sarbanes-Oxley Act of 2002 was passed by the U.S. Congress and this was done on the July 30 of year 2002 so that it can be of help to the public and will protect investors from fraudulent financial reporting by corporations.
This law mandated strict reforms as regards the existing securities regulations as well as imposition of tough new penalties on lawbreakers.
The Sarbanes Oxley Act looks into all financial reports so as to include an Internal Controls Report.
This is to confirm that the company's financial data accurate as well as adequate controls are in place to safeguard financial data.
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