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What do the experts say about Sarbanes Oxley? Has the accounting/auditing profession been improved since its...

What do the experts say about Sarbanes Oxley? Has the accounting/auditing profession been improved since its inception (around 2002)?
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The Sarbanes Oxley Act was enacted to prevent fraudulent activities of the corporations. This act came into force mainly because of company scandals.

The accounting and auditing work have greatly improved following the implementation of SOX. Companies now require to improve their internal control to detect and prevent fraud. SOX has also brought in the Public Company Accounting Oversight Board (PCAOB) to widen the control over auditors. SOX also imposes penalties on disregard or non-compliance of the standards set by the PCAOB. The independence of auditors is given more importance by SOX.

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