Definition SOX - Sarbanes Oxley Act of 2002 - US Specific

Marc

Fully vaccinated are you?
Leader
The Sarbanes Oxley Act, also known as SOX and Sarbanes-Oxley, is a financial reporting requirement ONLY for publicly traded companies which have the share of their company traded in the United States and thus subject to the United States Security and Exchange Commission.

See the Elsmar Cove Wiki entries:
Sarbanes Oxley Act
and
Summary of the Sarbanes Oxley Act of 2002
 
B

bgwiehle

SOX - Sarbanes Oxley Act of 2002 - "US Specific"

Although SOX is US legislation, any manufacturing facilities of US-based companies, even outside the USA, are also subject to the audit and reporting requirements.

B.G. Wiehle
(Our Canadian plant just went through such an accounting audit, our second).
 

Wes Bucey

Prophet of Profit
bgwiehle said:
Although SOX is US legislation, any manufacturing facilities of US-based companies, even outside the USA, are also subject to the audit and reporting requirements.

B.G. Wiehle
(Our Canadian plant just went through such an accounting audit, our second).
Right! It is the world-wide operations of any company that has shares or any other securities publicly traded on any exchange or over the counter (including pink sheets, I suppose) in the USA. The entire point is to assure US shareholders or bond buyers get honest info.
 
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