Chapter 8, Problem 2RQ

To determine

Sarbanes-Oxley Act:

Sarbanes-Oxley Act or SOX was introduced in 2002 by U.S. government after several accounting scams like Enron and WorldCom. The Act defines the responsibilities of the board of director of a public company and adds criminal liabilities for wrongful acts of the management and board of directors.

Internal Control:

Internal controls are policies and procedures implemented by an organization to attain operational goals and maintain the integrity of accounting.

To identify:

The relation between Sarbanes-Oxley Act and Internal control