Eassay Sarbanes-Oxley Act of 2002 - SOX?

The Sarbanes-Oxley Act of 2002 amended the Securities Exchange Act of 1934 and expanded rules concerning corporate governance.

An act passed by U.S. Congress to protect investors from the possibility of fraudulent accounting activities by corporations. Administered by the Securities and Exchange Commission (SEC) in 2002, SOX...

"SOX compliance requires companies to implement several internal controls to safeguard the financial information of a company. Internal controls are specific to each accounting operation. These extra...

The intent of these elements of Sarbanes-Oxley is to reduce the likelihood that material fraud will go undetected.

By an act of Congress, or by it being declared unconstitutional by the Supreme Court. That's not likely, though--it passed the Senate 99-0 and the House by 344-90.