The Sarbanes-Oxley Act of 2002 (SOX) has been a remarkable success. It stands as a shining example of effective, bipartisan policymaking that has strengthened our capital markets and economy. But you don’t have to take my word for it.
Listen to chief financial officers. A 2017 poll revealed that 79 percent of CFOs feel that the overall quality of information in audited financial statements has improved since the enactment of SOX. Eighty-five percent of CFOs believe the internal control over financial reporting (ICFR) audit function has helped their company.
