US compliance

What are the differences between the SOx audits and the operational audits?

SOX is Security Exchange Commission requirement which prescribes very specific steps to be followed. It is like an US law for the US stock – listed companies, asking them to certify that their internal system of control is in place, is appropriate for the purpose and did not allow any material errors to occur in the financial statements. In a sense, it is like a compulsory external audit – it is prescribed by certain steps and follows a certain logic. SOX is designed to protect the investors in public listed companies and has even legal consequences for the senior officers of those companies (liable in front of the US law).Read More »What are the differences between the SOx audits and the operational audits?