Something to Consider October 2019 2
So can other countries learn from the obligations and regulations that SOX entails?
The top accountancy firms, as well as investors and audit chairs think so as SOX sets the tone from the top “by placing more responsibility on CEOs and CFOs, which would improve the overall reliability of the reporting system”.
But, SOX is lacking in some respects.
One of our favourite oft-repeated phrases is there is no single silver bullet, including SOX.