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The Sarbanes-Oxley Act

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The Sarbanes-Oxley Act
19. How has the Sarbanes-Oxley Act affected internal controls?
The Sarbanes-Oxley Act was created because of the losses that stockholders experienced due to financial fraud. Because of SOX, internal control of public companies’ management increased. It established provisions that companies should fulfill pertaining to their management and recording of transactions. More thorough and stricter guidelines were created to help companies go about with their activities related to internal controls. This Act increased standards that would help companies get a better control over how they should run things hopefully that would result to regaining the stockholders’ confidence.

20. Discuss the key features of Section 302 of SOX.
In Section 302 of
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