The SOX act was a rule that was passed by Congress in 2002 in the aims of protecting the investors from any fraudulent activities. According to the act, there was the enactment of strict reforms in order to improve the financial disclosures that occurred within any business and also to protect corporations and aid in the prevention of accounting fraud. The SOX has been effective. It had aided in increasing the audit commitment involvement. In the past, board seats were considered to bring stature and financial rewards but today, there is responsibility and liability that has been allotted to those boards seats. Also, through the SOX, documentation has been improved in order to lessen and even eliminate any cases of financial fraud. This has
