owesubject-Accounting Which statement below is incorrect regarding the Sarbanes-Oxley Act (SOX)?O Failure to comply with SOX can result in substantial penalties to companies and company officersO Requires all publicly-traded corporations to maintain an adequate system of internal control.O Most investors believe that SOX helps safeguard their stock investments.The SOX was passed by Congress in the early 2000's.

The Sarbanes-Oxley Act, commonly known as SOX, is a significant piece of legislation enacted by the…

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